Russia Proposes Trading for Bitcoin, Ether, and USDT Under New Rules

Russia's central bank has proposed a list of crypto assets that could be admitted to public trading on exchanges under new rules approved last week. The list includes Bitcoin, Ether, and Tether's stablecoin USDT.

The Bank of Russia said these assets meet criteria such as market capitalization, average daily trading volume, and at least five years of price history on overseas markets.

These proposals follow a new law signed by President Vladimir Putin on August 4, which gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules.

Under the proposed rules, non-qualified investors could buy up to 300,000 Russian rubles ($3,650) worth of cryptocurrency per year through each intermediary. Qualified investors would face no purchase limits for crypto assets traded on exchanges or over-the-counter markets.