Bank of Russia clears Bitcoin, Ethereum and Tether for public trading

The Central Bank of Russia has greenlighted Bitcoin, Ethereum, and Tether’s stablecoin for trading on licensed cryptocurrency exchanges.

The leading coin will be admitted to the regulated Russian market for digital assets as part of new purchase rules for non-professional investors.

Russia’s central bank whitelists BTC, ETH, and USDT

The monetary authority in Moscow has included the top three coins by market cap in a list of cryptocurrencies that will be available to ordinary Russians.

“Non-qualified” investors in the country will soon be able to acquire Bitcoin (BTC), Ethereum (ETH), and Tether’s dollar-pegged stablecoin USDT, according to a draft directive.

The document has been published online for public discussion, and the regulator will accept comments and suggestions by August 24, Russian media reports revealed on Tuesday.

It details what the largest category of market participants can and cannot do under the new law “On Digital Currencies and Digital Rights,” which will regulate crypto transactions in Russia next month.

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