Russia Finalizes Crypto Trading Rules, Retail Transactions to Begin on November 17

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Russia has finalized cryptocurrency exchange regulations, allowing retail investors to trade BTC, ETH, and USDT through regulated intermediaries starting November 17. Non-qualified investors are limited to 300,000 rubles annually per intermediary, while qualified investors face no such limits. All traders must pass a mandatory assessment. Sberbank is authorized to offer crypto services, and the Moscow Exchange will launch a pilot program on December 1. Peer-to-peer trading will be banned by 2027, and liquidity and crypto market access for retail use in goods and services remain restricted.

Odaily Planet Daily report: The Central Bank of Russia has finalized regulations for cryptocurrency trading, allowing retail investors 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 intermediary annually, while qualified investors face no purchase limits. All investors must pass a mandatory test before trading.

Sberbank of Russia has been authorized to offer cryptocurrency trading services since October. The Moscow Exchange plans to launch cryptocurrency trading on December 1, initially offering the three aforementioned cryptocurrencies through a pilot program.

The Central Bank of Russia stated that, starting July 1, 2027, it will ban direct peer-to-peer cryptocurrency transactions. Transfers from regulated digital accounts to self-custody wallets have been prohibited, and Russia continues to ban the use of cryptocurrencies for purchasing goods and services. (Cointelegraph)

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