🇷🇺BREAKING: Russia's central bank names the ONLY three cryptos its public can trade: BTC, ETH and USDT.
The directive implements the crypto law Putin signed this month, effective September 1.
Under the rules:
- Only Bitcoin, Ethereum and USDT clear the bar of market cap, daily volume and 5+ years of foreign price history
- Retail buyers are capped at 300,000 rubles ($3,650) per year through each broker, exchange or asset manager
- All investors must pass a risk test before trading
- Qualified investors face no purchase limits
Retail makes up 98% of Russia's crypto market, per the central bank, meaning the cap covers nearly everyone.
Public consultation runs until August 24.
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