The Central Bank of Russia has decided to restrict retail investors to trading only Bitcoin, Ethereum, and USDT under new regulations. Deputy Governor Vladimir Chistyukhin cited the high volatility and market risks associated with cryptocurrencies as reasons for the limitations. The regulations are part of Russia's digital currency legislation, which is expected to be enacted next month following its initial approval by the State Duma.
The new rules also include a 300,000 ruble investment cap and require both qualified and unqualified investors to pass a knowledge test before purchasing digital assets. Additionally, unlicensed cryptocurrency lending will be banned starting in 2027. The legislation still requires further readings, approval by the Federation Council, and the president's signature to become law.
Russia Limits Retail Crypto Trading to Bitcoin, Ethereum, and USDT
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