The Central Bank of Russia initially only allowed retail investors to trade Bitcoin, Ethereum, and USDT under the new regulations.

robot
Abstract generation in progress
According to a report from Crypto Briefing, reported by Mars Finance, the Bank of Russia has rejected a proposal to immediately expand access to cryptocurrencies, and does not allow unqualified investors to trade cryptocurrencies other than Bitcoin, Ethereum, and USDT. Deputy Governor Vladimir Chistyukhin said that after the new rules take effect, only these three major digital currencies will be permitted for trading. Chistyukhin noted that the high volatility of cryptocurrencies, market risk, and the possibility that stablecoins may be restricted or frozen are the reasons for maintaining strict limits. These rules are part of Russia’s digital currency legislation, which is expected to take effect next month after the State Duma passed it in April with an overwhelming majority at first reading. Regulators also plan to keep the proposed investment cap of 300,000 rubles unchanged. As part of the proposed rules, both qualified and unqualified investors must pass a mandatory knowledge test before purchasing any digital asset, and unlicensed cryptocurrency lending will be prohibited starting in 2027. The bill still needs to go through the second and third readings, approval by the Federal Council, and presidential signature before it can become law.
BTC2.05%
ETH3.98%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned