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Russia Approves Trading of Bitcoin, Ethereum and USDT—But No XRP
['Jose Antonio Lanz', 'Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
The Bank of Russia published a draft directive on Aug. 11 that would let non-qualified investors buy digital assets through brokers, crypto exchanges or managers—within a strict annual ceiling.
"We're setting a limit on the purchase of cryptocurrencies for non-qualified investors," the central bank said in a separate notice.
Which coins, and why only threeThe draft names exactly three tokens cleared for public exchange trading: Bitcoin, Ethereum, and Tether's USDT.
"The list of digital currencies that the trading organizer is entitled to admit for public circulation on organized trading platforms (hereinafter referred to as the 'List'): Bitcoin (Bitcoin), Ethereum (Ethereum), Tether USDT (Tether USDT)."
"To protect non-qualified investors from sharp and unpredictable fluctuations in cryptocurrency rates, only the most liquid of them will be available to them," the bank said.