Russia Caps Retail Crypto Purchases at 300,000 Rubles Amid New Regulations
The Central Bank of Russia is introducing new rules to regulate retail crypto investment in the country. The proposed framework will restrict non-qualified investors' holdings, but allow regulated transactions for a handful of highly liquid crypto assets.
BTC (Bitcoin), ETH (Ethereum), and USDT are among the initial list of cryptocurrencies available for public trading on exchanges. To be eligible, cryptocurrencies must have at least five years of market trading data available on other markets, ensuring they have sufficient liquidity and trading history.
The rules will impose a 300,000-ruble cap on retail investors' purchases per year via intermediaries, such as brokers or crypto exchange services. This limit applies independently to each intermediary platform, not annually across the board.