Russia Proposes Trading Rules for Bitcoin, Ether, and USDT

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

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

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

The central bank is accepting comments on the proposal until August 24 and has emphasized that all investors will have to pass a test and familiarize themselves with the risks of investing in crypto assets before making transactions.