Russia’s Central Bank on Tuesday proposed allowing investors to trade Bitcoin, Ether and Tether on official Russian exchanges, establishing a regulated infrastructure for cryptocurrency trading set to take effect next month.
The rules would expand on a law President Vladimir Putin signed this month, which formally legalizes cryptocurrency trading in Russia.
Starting Sept. 1, both retail and professional investors will be required to pass a test before trading the three major cryptocurrencies. The Central Bank says retail investors currently account for about 98% of market participants.
Cryptocurrencies will be allowed in cross-border settlements but banned as payment methods inside Russia under the new law.
The Central Bank said it selected the three major cryptocurrencies based on requirements that they have a minimum five-year price history on foreign platforms, as well as high liquidity and market capitalization.





