Russia Caps Retail Crypto Trades at 300k Rubles for BTC, ETH, and USDT

Central bank draft limits non-qualified investors to 300,000 rubles annually per intermediary for bitcoin, ether, and USDT. Qualified investors face no cap; domestic payments remain banned.

Woofun AI reports that Russia's central bank has proposed restricting retail cryptocurrency trading on regulated exchanges to bitcoin (BTC), ether (ETH), and USDT. Under the draft regulations, non-qualified investors would be limited to purchasing 300,000 rubles (approximately $3,600) of these assets per year at each intermediary, while qualified investors would not be subject to this ceiling. This framework elaborates on legislation passed in July, which authorized regulated crypto trading starting Sept. 1 but did not initially define eligible assets. Domestic crypto payments remain prohibited. The rule specifies the limit applies per intermediary, potentially enabling larger aggregate exposure through multiple brokers.