The Russian Central Bank has paved the way for individual investors to trade crypto assets, such as Bitcoin, Ethereum and USDT, through trading platforms. The move follows the adoption of new legislation to regulate the country's cryptocurrency market and allow its activities to expand.
In a statement, the Russian Central Bank announced that individual investors would be able to trade these assets starting November 17. It explained that, from that date, exchanges would be allowed to list eligible cryptocurrencies among the trading instruments available to the public.
The bank noted that individual investors could buy these crypto assets through intermediaries, including brokerage firms, fund managers and cryptocurrency trading platforms, subject to an annual purchase limit of 300,000 rubles per intermediary, equivalent to approximately $3,700.
By contrast, no similar restrictions will apply to institutional investors, who will be able to trade through cryptocurrency platforms.
The move comes months after Russia adopted legislation to regulate the cryptocurrency sector, providing a clearer legal framework for its activities. The framework covers several areas, including transactions, taxes, mining, the issuance of crypto assets and their ownership.
#bitcoin #ETH🔥🔥🔥🔥🔥🔥 #solana
In a statement, the Russian Central Bank announced that individual investors would be able to trade these assets starting November 17. It explained that, from that date, exchanges would be allowed to list eligible cryptocurrencies among the trading instruments available to the public.
The bank noted that individual investors could buy these crypto assets through intermediaries, including brokerage firms, fund managers and cryptocurrency trading platforms, subject to an annual purchase limit of 300,000 rubles per intermediary, equivalent to approximately $3,700.
By contrast, no similar restrictions will apply to institutional investors, who will be able to trade through cryptocurrency platforms.
The move comes months after Russia adopted legislation to regulate the cryptocurrency sector, providing a clearer legal framework for its activities. The framework covers several areas, including transactions, taxes, mining, the issuance of crypto assets and their ownership.
#bitcoin #ETH🔥🔥🔥🔥🔥🔥 #solana
