The Bank of Russia has issued a draft directive to restrict retail cryptocurrency trading starting September 1, 2026, limiting non-qualified investors to only three approved assets: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).This directive builds upon the sweeping "Digital Currency and Digital Rights Law" signed by President Vladimir Putin, establishing the country's first comprehensive legal framework for crypto trading while heavily capping retail market exposure.🔎 Key Provisions of the PolicyAsset Restriction (The Whitelist): Ordinary, non-qualified retail investors are prohibited from buying volatile altcoins, privacy coins, or smaller tokens. The central bank selected BTC, ETH, and USDT based on strict liquidity rules, requiring a massive market cap, high trading volumes, and at least five years of foreign pricing history. Notable assets like XRP have been left off the initial list.Strict Purchase Caps: Non-qualified retail investors face a strict investment limit of 300,000 rubles (approximately $3,600 to $3,700 USD) per year. Crucially, this cap applies per licensed intermediary (broker, exchange, or asset manager), meaning investors could theoretically bypass the total limit by spreading their purchases across multiple registered platforms.Mandatory Testing: To trade any cryptocurrency at all, users must undergo a mandatory knowledge and risk-awareness test administered by the Bank of Russia.Qualified Investor Exemptions: High-net-worth or professional "qualified" investors are exempt from the 300,000-ruble annual ceiling. They are permitted to trade any cryptocurrency available on regulated exchange or over-the-counter (OTC) markets, provided they pass a more advanced risk assessment.$NVDAB $GOOGL.US