Russian Central Bank Plans to Allow Bitcoin, Ethereum, and USDT to Be Publicly Traded on Regulated Exchanges

TechFlow News, August 11, according to Cointelegraph, the Bank of Russia proposed a list of crypto assets eligible for public trading, including Bitcoin, Ethereum, and Tether USDT. The proposal advances under the new law signed by Russian President Putin on August 4, which authorizes the Bank of Russia to determine which digital currencies can enter organized trading and establish relevant rules.

According to the proposal, non-qualified investors are limited to purchasing cryptocurrency worth up to 300,000 Russian rubles annually through brokers, cryptocurrency exchange services, or asset management institutions; qualified investors are not subject to purchase limits. The Bank of Russia also requires all investors to complete a risk test and understand crypto asset investment risks before trading. The proposal is open for public consultation until August 24.