The rules allow retail investors to trade BTC, ETH and USDT through regulated intermediaries, with Moscow Exchange planning to launch crypto trading in December.
Russia’s central bank has finalized rules allowing exchanges to offer Bitcoin (BTC), Ether (ETH) and Tether USDt (USDT) to retail investors starting Nov. 17.
Under the rules, non-qualified investors can purchase up to 300,000 rubles (around $3,700) in cryptocurrency annually through each intermediary, including brokers, asset managers and crypto exchange providers. Qualified investors face no purchase limits, but all investors must pass a mandatory test before trading.
The directive builds on legislation signed by Russian President Vladimir Putin on Aug. 4 establishing a regulated cryptocurrency market under central bank oversight.
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