Bank of Russia just cleared $BTC, $ETH, and $USDT for non-qualified retail investors.
Per the central bank's Nov 6 notice, the directive goes live Nov 17. Retail buyers can access those three through brokers, managers, or crypto exchanges, with a yearly cap of about 300000 RUB per intermediary (roughly 3660 USD). Qualified investors stay uncapped. Everyone still has to pass a risk test first.
Context while Fear & Greed sits at 28 and total crypto market cap is near 2.57T USD after this week's dump: another big jurisdiction is opening a narrow door to the most liquid coins only.
My take: structural positive for $BTC and $ETH over months, not a one-day pump. The yearly retail cap is tiny, so I would not expect a flood. Watch whether Moscow Exchange actually lists around early December.
$BTC $ETH $USDT #Bitcoin #Ethereum #CryptoNews #Russia
NFA / Not financial advice
Per the central bank's Nov 6 notice, the directive goes live Nov 17. Retail buyers can access those three through brokers, managers, or crypto exchanges, with a yearly cap of about 300000 RUB per intermediary (roughly 3660 USD). Qualified investors stay uncapped. Everyone still has to pass a risk test first.
Context while Fear & Greed sits at 28 and total crypto market cap is near 2.57T USD after this week's dump: another big jurisdiction is opening a narrow door to the most liquid coins only.
My take: structural positive for $BTC and $ETH over months, not a one-day pump. The yearly retail cap is tiny, so I would not expect a flood. Watch whether Moscow Exchange actually lists around early December.
$BTC $ETH $USDT #Bitcoin #Ethereum #CryptoNews #Russia
NFA / Not financial advice
