Update
Russia Allows Retail Investors to Trade Bitcoin, Ethereum, and USDT
Russia's central bank has approved trading of Bitcoin, Ethereum, and USDT for retail investors. The new crypto investment framework, effective from November 17, will allow non-qualified investors to access these cryptocurrencies through brokers, asset managers, and crypto exchanges. However, purchases will be capped at 300,000 rubles per year for each intermediary. Qualified investors will be exempt from these restrictions and can access any cryptocurrency without limits. Both categories of investor must complete an assessment test and review the risks of crypto investments before entering transactions.