Russia Limits Retail Crypto Trading to Top Three Assets

The Russian central bank has proposed new rules limiting cryptocurrency trading for retail investors. The rules would allow them to trade only Bitcoin, Ether, and Tether's USDT stablecoin, with a yearly limit of 300,000 rubles (approximately $3,600) per currency.

This move is intended to protect unqualified investors from sharp price fluctuations in cryptocurrency markets. According to the proposal, only the most liquid cryptocurrencies will be available for retail traders.

The new rules follow years of resistance to crypto by the Bank of Russia. The central bank previously called for a ban on crypto in 2022, citing concerns over its impact on financial stability and monetary policy.