The Central Bank of Russia only allows retail investors to trade Bitcoin, Ethereum, and USDT in the early stages of the new regulations
According to Crypto Briefing, the Central Bank of Russia has rejected the proposal to immediately expand access to cryptocurrencies, not allowing non-qualified investors to trade cryptocurrencies other than Bitcoin, Ethereum, and USDT. Vice President Vladimir Chistyukhin stated that after the new regulations come into effect, only these three mainstream digital currencies will be allowed for trading.
Chistyukhin pointed out that the high volatility of cryptocurrencies, market risks, and the possibility that stablecoins may be restricted or frozen are reasons for maintaining strict limits. These rules are part of Russia's digital currency legislation, which is expected to come into effect next month after being overwhelmingly passed in the first reading by the State Duma in April. Regulators also intend to maintain the proposed investment cap of 300,000 rubles.
As part of the proposed rules, both qualified and non-qualified investors must pass a mandatory knowledge test before purchasing any digital assets. From 2027, unauthorized cryptocurrency lending will be prohibited. The bill still needs to go through a second reading, a third reading, approval from the Federation Council, and presidential signing to become law.
You may also like

Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF

The ambitions of Kalshi, MTS, and a16z

The AI bubble is bursting

Real withdrawal is to release water: When crypto VCs position themselves in the Agent network effect

Has the narrative of BTC as "digital gold" failed?

A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?

It took me a year to see the painful truth about Agent payments

Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage

Privacy coin trust crisis! ZEC plummets over 56% in a single day

Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid

Anthropic launches IPO: Business miracle or valuation bubble?

What Is SpaceX IPO and Why Is Everyone Talking About It?

Macroeconomic Analysis of the African Payment Market Landscape

Morning Report | Coinbase Ventures makes its first investment in ENA; SpaceX plans to set the IPO price at $135 per share

Full text and analysis of the speech by the CEO of SanDisk at the 42nd Annual Strategic Decision Conference of Bernstein

Bitcoin Price Prediction 2030: Ark Invest Forecasts $710K

WEEX Review 2026: Fees, Security and Trading Features




