Russia · Bitcoin · Ethereum · Decrypt
Russia Approves Trading of Bitcoin, Ethereum and USDT—But No XRP
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Russia's central bank has proposed its first framework for letting ordinary investors trade crypto on public markets.
Key facts
- The Bank of Russia accepts comments until Aug. 24, and the directive takes effect 10 days after its official publication, signed by Governor Elvira Nabiullina
- XRP, the cryptocurrency created by the founders of payments company Ripple in 2012, has been left off the approved list for now
- The Bank of Russia published a draft directive on Aug. 11 that would let non-qualified investors buy digital assets through brokers, crypto exchanges or managers—within a strict annual ceiling
- The draft names exactly three tokens cleared for public exchange trading: Bitcoin, Ethereum, and Tether’s USDT
Summary
The Bank of Russia published a draft directive letting non-qualified investors buy crypto through brokers, capped at 300,000 rubles a year. Only Bitcoin, Ethereum and Tether's USDT made the approved list for public exchange trading. Qualified investors face no such limits; all investors must pass a risk test first. The Bank of Russia published a draft directive on Aug. 11 that would let non-qualified investors buy digital assets through brokers, crypto exchanges or managers—within a strict annual ceiling.