Russia's Central Bank unveils draft allowing official trading of Bitcoin, Ether, and Tether
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View chart & analysis → - 1Russia's Central Bank on Tuesday unveiled a draft regulation that would allow Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) to be traded on official exchanges.
- 2Starting September 1, both retail and qualified investors will be required to pass an exam, and retail investors will face a purchase limit of 300,000 rubles ($3,690) per regulated intermediary per year.
- 3As a follow-up measure to President Putin's legalization of crypto trading, the public comment period runs through August 24, and use of the assets as a domestic means of payment will not be permitted.
This 3-line summary is compiled from the report below.
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