Russia Proposes Trading Rules for Bitcoin, Ether, and USDT

Russia's central bank has published a list of proposed crypto assets that could be traded on public exchanges, following new rules approved last week.

The list includes Bitcoin, Ether, and Tether's stablecoin USDT, which meet criteria such as market capitalization, average daily trading volume, and at least five years of price history on overseas markets.

The proposal is part of a new law that 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, including a broker or crypto exchange service.