According to the Russian news agency Interfax, the Central Bank of Russia has prepared a notable regulation for Bitcoin (BTC), Ethereum (ETH), and Tether ($USDT).
The Central Bank of Russia has released a draft regulation that would include Bitcoin, Ethereum, and $USDT in the list of cryptocurrencies that can be publicly traded on exchanges. However, the regulation is still in draft form. Comments and suggestions on the draft will be accepted until August 24, 2026.
300,000 Ruble Limit on Cryptocurrency Purchases!
According to the draft regulation, unqualified investors will be able to purchase designated crypto assets through each brokerage firm up to a maximum of 300,000 rubles per year.
The Central Bank stated that the aim of this restriction is to protect investors from sharp and unpredictable price movements that may occur in the cryptocurrency market.
The bank stated that only the most liquid cryptocurrencies would be offered to unqualified investors, with Bitcoin, Ethereum, and Tether $USDT being among the prominent assets in this regard.
No Limits for Qualified Investors!
The statement noted that qualified investors would be able to purchase all cryptocurrencies traded on exchanges and over-the-counter markets without any quantity restrictions.
However, the Russian Central Bank reminded investors that, regardless of their status, they should undergo necessary tests and be informed about the risks of investing in crypto assets before engaging in cryptocurrency transactions.
“To protect unqualified investors from sharp and unpredictable fluctuations in cryptocurrency prices, they will only be offered the most liquid cryptocurrencies.”
