Add as a preferred source on GoogleRussia Sets Nov. 17 Start for Retail Crypto Trading Under New Rules
Nonqualified investors face an annual limit of about $3,700 per intermediary; Moscow Exchange plans pilot trading on Dec. 1.
The Bank of Russia, Russia's central bank, will allow retail investors to buy Bitcoin (BTC), Ether (ETH) and Tether USDt (USDT) through regulated intermediaries beginning Nov. 17, opening a formal retail route into the crypto market.
Nonqualified investors will face an annual purchase limit of about $3,700 through each intermediary. Qualified investors have no purchase cap, but all investors must pass a test before trading.
The rules cover brokers, asset managers and crypto exchange providers. They follow a law signed by President Vladimir Putin on Aug. 4 that established a regulated crypto market under Bank of Russia oversight. The law took effect Sept. 1.
Moscow Exchange, Russia's largest securities exchange, plans to start crypto trading Dec. 1 through pilot transactions in the three assets.
Russia will prohibit direct peer-to-peer crypto trading beginning July 1, 2027. Transfers from regulated digital accounts to self-custody wallets are already banned, as is using crypto to pay for goods and services.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.