Russia's Central Bank Finalizes Cryptocurrency Trading Rules, Retail Trading to Open from November 17

Odaily Report: The Central Bank of Russia has finalized cryptocurrency trading rules, with retail investors able to trade BTC, ETH, and USDT through regulated intermediaries starting November 17. Non-qualified investors may purchase no more than 300,000 rubles worth of cryptocurrency per year through each intermediary, while qualified investors have no purchase limit. All investors must pass a mandatory test before trading.

Sberbank received authorization in October to provide cryptocurrency trading services. The Moscow Exchange plans to launch cryptocurrency trading on December 1, initially offering the three aforementioned cryptocurrencies through pilot trading.

The Central Bank of Russia stated that direct peer-to-peer cryptocurrency trading will be prohibited starting July 1, 2027. Transfers from regulated digital accounts to self-custody wallets have already been banned, and Russia still prohibits the use of cryptocurrency to purchase goods and services. (Cointelegraph)