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🇷🇺 The Russian government will allow USDC to enter its regulated crypto market.
Ivan Chebeskov, the Russian Deputy Minister of Finance, stated that USDC would be included in the list of approved cryptocurrencies for trading in Russia, alongside USDT, Bitcoin, and Ethereum.
Previously, the Central Bank of Russia had indicated that no other tokens would be added, but Chebeskov revealed that USDC would also be approved.
Non-professional investors can only invest in eligible crypto assets, particularly cryptocurrencies with an average market capitalization exceeding 5 trillion rubles (about 7 billion USD) over the past two years.
The Russian regulatory bill on cryptocurrencies is set to be adopted by July 1, and non-professional investors will have legal access to cryptos for the first time, but with an annual investment limit of 300,000 rubles (about 4,000 USD).