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Bank of Russia approves retail trading for Bitcoin, Ethereum and USDT under annual limit

The Bank of Russia has approved guidelines permitting non-qualified retail investors to buy Bitcoin, Ethereum, and USDT starting November 17, subject to an annual limit of 300,000 rubles per intermediary.

Screenshot of text detailing Bank of Russia guidelines for cryptocurrency purchases by non-qualified retail investors.
Image: @Crypto_Briefing

The Bank of Russia has issued guidelines defining Bitcoin, Ethereum (Ether), and USD Tether (USDT) as cryptocurrencies permitted for non-qualified retail investors. According to details shared by Crypto Briefing, the regulator's directive is scheduled to take effect on November 17, at which point exchanges will be authorized to open public trading for the three digital assets.[1][2][3][4]

Under the new framework, unqualified retail investors will be permitted to purchase the approved cryptocurrencies through intermediaries, including brokers, managers, and crypto exchanges, across both exchange and over-the-counter markets. Such purchases will be capped at no more than 300,000 rubles per year per intermediary, while qualified investors will retain unrestricted access to any crypto assets.[1]

Key facts

  • The Bank of Russia has defined Bitcoin, Ethereum (Ether), and USD Tether (USDT) as cryptocurrencies available to non-qualified investors.
  • The central bank's directive takes effect on November 17, when exchanges become authorized to admit the assets to public trading.
  • Retail investors will be able to buy the assets through intermediaries such as brokers, managers, or crypto exchanges across exchange and over-the-counter markets.
  • Cryptocurrency purchases by non-qualified investors are capped at 300,000 rubles per year per intermediary.
  • Qualified investors will maintain access to any crypto assets without restrictions.

Sources 路 4 sources

  1. CB

    Crypto Briefing@Crypto_BriefingPost on X 路

    馃敟JUST IN: The Bank of Russia will allow retail investors to buy Bitcoin, Ethereum and USDT from Nov. 17, subject to a 300,000-ruble annual limit per intermediary. https://t.co/OlxkWJTFq4

    Open source
  2. CR

    Crypto Rover@cryptoroverPost on X 路

    BREAKING: 馃嚪馃嚭 Russia鈥檚 Central Bank officially approves Bitcoin, Ethereum and USDT for public trading starting November 17. While the US failed on the CLARITY Act, Russia is building! https://t.co/X7XtoS1NG5

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  3. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 BREAKING: 馃嚪馃嚭 Russia's Central Bank has reportedly APPROVED public trading of Bitcoin $BTC, Ethereum $ETH, and Tether $USDT starting NOVEMBER 17! 馃敟 https://t.co/y7Ciq6BCrz

    Open source
  4. CB

    Crypto BriefingArticle 路

    Russia鈥檚 central bank approves Bitcoin, Ether and USDT trading for retail investors Russia's move could boost crypto adoption, influencing global regulatory trends and potentially reshaping retail investment landscapes. The post Russia鈥檚 central bank approves Bitcoin, Ether and USDT trading for retail investors appeared first on Crypto Briefing .

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