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Russia Names Bitcoin, Ether and USDT for Regulated Crypto Trading
The framework would cap retail purchases at 300,000 rubles a year and require investor testing before trading the three tokens.
- The Central Bank proposed allowing investors to trade Bitcoin, Ether and Tether on official Russian exchanges, establishing regulated infrastructure for cryptocurrency trading set to take effect next month.
- President Vladimir Putin signed a law this month that formally legalizes cryptocurrency trading in Russia; the framework takes effect in Sept, mandating the Central Bank designate which assets qualify for organized trading.
- Retail investors, accounting for about 98% of market participants, face a 300,000 annual purchase limit through each intermediary. All investors must pass a test covering crypto investing risks before completing transactions.
- Major Russian financial institutions, including Alfa-Bank, Sberbank, T-Bank and VTB, are preparing products for the regulated market while developing custody infrastructure and testing trading platforms.
- Digital assets remain prohibited for domestic payments in Russia, while the Central Bank accepts public comments on the proposed cryptocurrency list through Aug before implementation.
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Russia names Bitcoin, Ether and USDT for regulated crypto trading
Russia’s central bank has proposed allowing Bitcoin, Ether and Tether’s USDT to trade on regulated exchanges as the country prepares to open its new crypto market framework to investors. The Bank of Russia said Tuesday that the three crypto assets…
Total Bitcoin trading volume in the last 24 hours is 19.3 billion euros
·Belgrade, Serbia
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Russia’s Central Bank Proposes Framework for Publicly Trading Major Cryptocurrencies
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.
·Amsterdam, Netherlands (Kingdom of the)
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Coverage Details
Total News Sources30
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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