The Central Bank of Russia has proposed a list of crypto assets that could be admitted to organized public trading, including Bitcoin, Ethereum and Tether's USDT, according to Cointelegraph via ChainCatcher. The proposal follows a new law signed by President Vladimir Putin on August 4, authorizing the central bank to decide which digital currencies can enter organized trading and set the rules. Non-qualified investors would be capped at 300,000 Russian rubles per year in crypto purchases through brokers, exchange services or asset managers, while qualified investors face no limit. All investors must pass a risk test and understand crypto risks before trading. Public feedback is accepted until August 24.
The Central Bank of Russia has proposed a list of crypto assets eligible for organized public trading. The list includes Bitcoin, Ethereum and Tether's USDT, according to Cointelegraph via ChainCatcher.
The proposal follows a new law signed by President Vladimir Putin on August 4, which authorizes the central bank to determine which digital currencies can enter organized trading and to formulate corresponding rules.
Under the plan, non-qualified investors would be limited to buying up to 300,000 Russian rubles worth of cryptocurrency per year, through brokers, crypto exchange services or asset management firms. Qualified investors would not be subject to purchase limits. In addition, all investors would have to complete a risk test and become aware of the risks of crypto investments before trading.
The draft proposal is open for public consultation until August 24.
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