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#Russia cryptocurrency regulation

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Russia Announces Three Cryptocurrencies Non-Accredited Investors Can Buy
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Russia Announces Three Cryptocurrencies Non-Accredited Investors Can Buy

Key Highlights: The Central Bank of Russia has approved Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) for retail trading by unqualified investors. Beginning November 17, Russian non-qualified market participants can trade these assets across exchanges and over-the-counter (OTC) platforms. Retail participants will face an annual investment ceiling of 300,000 rubles (roughly $3,600) per intermediary. Bank ...

Russia’s Central Bank Authorizes Sberbank to Exchange Cryptocurrencies
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Russia’s Central Bank Authorizes Sberbank to Exchange Cryptocurrencies

Key Highlights The Bank of Russia has authorized state-owned banking giant Sberbank to custody and facilitate transfers of bitcoin and other digital currencies. New regulatory frameworks restrict unqualified investors to purchasing up to 300,000 rubles ($3,556) in cryptocurrencies annually per intermediary, while qualified investors face no such asset limits. Sberbank plans to launch its proprietary ...