Bitcoin, Ethereum, and USDT could soon become the only cryptocurrencies available to most retail investors in Russia. The country’s central bank is backing a new framework that would restrict non-qualified investors access to other digital assets, which will come into effect by next year.

So buying Solana, XRP, Cardano, or other altcoins in Russia may soon become much harder.

Russia Wants a Smaller, More Controlled Crypto Market

The proposal was confirmed by Russian Central Bank First Deputy Governor Vladimir Chistyukhin, who said the regulator currently has no plans to expand the list beyond Bitcoin, Ethereum, and Tether’s USDT stablecoin.

The move is part of Russia’s upcoming law “On Digital Currency and Digital Rights,” which…