Russia's Central Bank First Deputy Chairman Vladimir Chistyukhin stated that the Russian Central Bank plans to restrict non-professional, non-qualified investors from trading cryptocurrencies to BTC, ETH, and USDT, and currently has no plans to expand the list. He said that cryptocurrencies are high-risk, highly volatile instruments, and USDT wallets carry the risk of being frozen by the issuer. Russia intends to set an annual limit of approximately $4,100 for ordinary investors to purchase cryptocurrencies through a single broker or exchange. (Bits media)

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Half-SectionSucculent
· 2h ago
The risk of USDT being frozen is all documented in the official documents; it's rare to have regulators honestly speak about it.
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Challenge100uToEarn1Million
· 3h ago
Hop on now!🚗
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GateUser-16838403
· 3h ago
The Russians’ move is pretty solid: it only lets retail users trade BTC, ETH, and USDT, with a $4,100 annual quota. It both helps prevent people from getting cut off and stops them from running off, which is a bit better than some countries’ one-size-fits-all bans.
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MirrorBallPeeking
· 3h ago
With limited quotas and limited supported currencies, after this package of measures in Russia, most regular players can basically only do a laid-back DCA (regular, fixed-amount investing).
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