Russia names Bitcoin, Ether and USDT for regulated crypto trading

Russia’s central bank has proposed allowing Bitcoin, Ether and Tether’s USDT to trade on regulated exchanges as the country prepares to open its new crypto market framework to investors. Summary Russia’s central bank has proposed allowing Bitcoin, Ether and USDT to trade on regulated exchanges under the country’s new crypto rules. Non qualified investors would be limited to 300,000 rubles in annual crypto purchases through each intermediary and must pass a risk knowledge test. Qualified investors would face no purchase limits for crypto traded on exchanges or over the counter markets, although testing requirements would still apply. The proposal follows Russia’s new crypto law signed on Aug. 4, which gives the Bank of Russia authority to decide which digital currencies can enter organized trading. The central bank is accepting comments on the proposed list and related requirements until Aug. 24. The Bank of Russia said Tuesday that the three crypto assets have been included in a proposed list of digital currencies that could qualify for organized trading, based on requirements covering market capitalization, trading activity and price history in overseas markets. Bitcoin, Ether and...