In draft rules, Russia’s central bank has allowed retail investors to trade three cryptocurrencies—Bitcoin (BTC) at $63,878.12 per unit, Ethereum (ETH) at $1,896.33 per unit, and Tether’s USDT (a dollar-linked stablecoin)—on regulated exchanges.
Non-qualified investors are capped at 300,000 rubles ($3,600) in crypto purchases per year per intermediary, while qualified investors aren’t limited by this cap.
The regulations have drawn scrutiny for potentially limiting market liquidity and influencing investor behavior.
Written by James Tobias
Bitcoin Desk
