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External ReportingVeröffentlicht vor 4 Tagen

Russia’s Central Bank approves Bitcoin, Ethereum, and USDT for exchange trading — with limits for retail investors

Russia’s Central Bank has added Bitcoin, Ethereum, and Tether (USDT) to its list of cryptocurrencies approved for trading on exchanges, the regulator said in a statement.

Russia’s Central Bank approves Bitcoin, Ethereum, and USDT for exchange trading — with limits for retail investors
Publisher Meduza — Новости 1 Min. Lesezeit
Image via Meduza — Новости

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Russia’s Central Bank has added Bitcoin, Ethereum, and Tether (USDT) to its list of cryptocurrencies approved for trading on exchanges, the regulator said in a statement.

Nonqualified investors will have access only to the most liquid cryptocurrencies, with an annual cap of 300,000 rubles’ worth of those assets per intermediary — a broker, a crypto exchanger, or an asset manager.

Qualified investors, by contrast, will be able to buy any cryptocurrency traded on the exchanges without restriction.

Before making a trade, all investors must pass a test and review the risks of crypto investing.

In July, the State Duma passed a law legalizing the circulation of cryptocurrency in Russia. It set rules for using cryptocurrencies and capped the size of nonqualified investors’ portfolios. At the time, the Central Bank clarified that only Bitcoin, Ethereum, and the stablecoin USDT met the criteria for exchange trading.

At Meduza, we are committed to transparency about our use of artificial intelligence in the newsroom. The story you’re reading was written by one of our living, breathing journalists and translated from Russian using an AI model configured to follow our strict editorial standards. This translation process is the result of extensive testing and refinements to ensure our English-language coverage is timely and accurate. A Meduza editor reviews every draft before publication.

If you find any errors in this translation, please contact us at [email protected].

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Originally reported by Meduza — Новости

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