Russian Central Bank proposes exchange trading for Bitcoin, Ethereum and Tether USDT
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The Central Bank of Russia on Monday proposed allowing Bitcoin, Ethereum and Tether USDT on public exchange trading, according to a draft directive published for discussion. Non-qualified investors would be limited to the most liquid assets, while qualified investors could trade all listed cryptocurrencies without restrictions.
The Proposal
The Central Bank of Russia published a draft directive on Monday proposing that Bitcoin, Ethereum and Tether USDT be included in the list of cryptocurrencies available for public exchange trading, RBC reported. The document establishes a regulatory framework for crypto trading, drafted in response to growing demand for digital asset markets.
Investor Safeguards
Under the proposal, non-qualified investors would be restricted to trading only the most liquid cryptocurrencies, while qualified investors could trade any listed asset without limits. All investors must pass mandatory testing and acknowledge the risks of crypto investments before executing trades.
Asset Selection
Bitcoin, Ethereum and Tether USDT were selected based on three criteria: market capitalization, average daily trading volume and at least five years of price history on foreign platforms. The central bank said these criteria ensure only established and relatively stable digital assets are made available to retail investors.
What's Next
The draft directive is open for public discussion, with a final decision expected later this year. It remains unclear how the proposal will align with Russia's broader regulatory framework for digital assets and international sanctions compliance.
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Russian Central Bank proposes exchange trading for Bitcoin, Ethereum and Tether USDT
