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Crypto

Russia Caps Retail Crypto Purchases, Allows Only BTC, ETH, and USDT

Guavy AI Editorial Team
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BTC ETH USDT
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The Bank of Russia has proposed rules that would allow ordinary Russians to buy Bitcoin, Ether, and USDT on licensed exchanges.

Retail investors will be capped at 300,000 rubles ($3,690) per year with each intermediary, roughly 98% of market participants are expected to fall under this ceiling.

The regulator has also introduced a mandatory test for all investors, regardless of their status, to review the risks of crypto investing before transacting.

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