Russian Central Bank's crypto asset trading rules will take effect on November 17.
Original headline俄罗斯央行加密资产交易规则将于 11 月 17 日生效
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The Bank of Russia will permit non-qualified investors to buy bitcoin, ether, and USDT through brokers, asset managers, or crypto exchange operators starting November 17, when exchanges may begin public trading of the three assets. Each intermediary is capped at 300,000 rubles in annual purchases per non-qualified investor, while qualified investors face no limit. All investors must pass a test on crypto investment risks before trading. The rules mark a formal opening of Russia's retail crypto market after years of restricted access, and set a compliance burden on intermediaries to track per-client annual volumes. Watch whether exchanges list the assets on schedule and how brokers implement the 300,000-ruble cap.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Bank of Russia, USDT, Ethereum (ETH), Bitcoin (BTC)
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