Moscow Exchange Sets Clearing and Settlement Details for BTC, ETH, USDT Trades

The significance here is less the asset list than the plumbing: a major national exchange is publishing clearing and settlement mechanics before any live trading, which is the unglamorous work that separates a pilot from a market. The phased approach and the absence of a date or volume targets suggest an institution managing regulatory and operational risk rather than racing to capture flow. For now this affects the exchange's own infrastructure partners and the domestic custody and settlement chain more than global crypto liquidity. Whether the pilot converts into a dated rollout, and how settlement is handled, is the open question.