Russia moves to restrict retail crypto trading to bitcoin, ether and USDT
60-second summary
Russia is restricting retail crypto trading to bitcoin, ether, and USDT, imposing a 300,000-ruble ($3,600) annual purchase limit per intermediary for non-qualified investors, whereas qualified investors face no cap. This move aims to regulate the market and prevent potential risks associated with cryptocurrency investments, impacting retail traders and the overall market stability in Russia.
Non-qualified investors face a 300,000-ruble (approx. $3,600) annual purchase limit per intermediary, while qualified investors have no cap.