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Bank of Russia Clears Bitcoin, Ether, USDT for Trading
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CoinLaw
The regulator named the only three crypto assets ordinary Russians may buy on licensed exchanges, then capped retail purchases at about $3,690 a year per intermediary.
The Bank of Russia named Bitcoin, Ether and Tether’s USDT as the only crypto assets ordinary Russians may buy on licensed domestic exchanges.
The regulator’s own count places roughly 98% of Russian market participants in the non-qualified tier the ceiling applies to.
282-FZ, the digital currencies and digital rights law President Vladimir Putin signed on August 4.
CoinLaw covered that proposal when Russia drafted the law to let banks run crypto exchanges.