Russia’s first comprehensive legal framework for cryptocurrency trading, custody and cross-border settlements has taken effect on Sept. 1, opening regulated market access to retail and qualified investors under Bank of Russia supervision.
Summary
- Russia’s crypto law took effect Sept. 1, bringing trading, custody and cross border settlements under a regulated framework.
- Non qualified investors can buy up to 300,000 rubles of eligible cryptocurrencies annually through each intermediary after passing a suitability test.
- Qualified investors can trade cryptocurrencies without the same purchase limit, although testing requirements still apply.
- Bitcoin, Ether and USDT were…
