Russia Cuts Crypto Options for Retail Investors

Russia has introduced new restrictions on cryptocurrency trading for individual investors within its borders. The central bank has stated that, going forward, retail investors will only be able to trade Bitcoin (BTC), Ethereum (ETH), and Tether's USDT stablecoin.

This means Tether is the only U.S. dollar-linked stablecoin available to individual investors in Russia. The new rules also limit the amount of money that retail investors can put into crypto to the equivalent of $3,600 U.S. per year.

The restrictions do not apply to professional traders and qualified or accredited investors with a sizable net worth, according to the central bank. Furthermore, all cryptocurrency payments within Russia remain prohibited by the central bank.