Russia picks Bitcoin, Ethereum and USDT for public trading as retail faces $58,000 cap

The Bank of Russia’s proposed gate caps non-qualified residents at ₽300,000 per broker, with only Bitcoin, Ethereum, and USDT eligible.

• Russia's Bank of Russia has proposed allowing public organized crypto trading, initially limited to Bitcoin, Ethereum, and USDT.
• Non-qualified Russian residents will face an annual spending cap of ₽300,000 (approximately $58,000) per broker, while qualified investors will have broader access.
• The draft directive is open for public comment until August 24th, with potential changes to the asset list, cap, and final implementation timing.

Topics: Jurisdictions, Asset types, Legal regulatory, Emerging hubs, Stablecoins digital cash, Securities law classification

Tags: #bankofrussia #bitcoin #ethereum #usdt #retailinvestors #qualifiedinvestors #cryptotrading #regulatorycap #russia #digitalassets

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