Russia's central bank has proposed allowing Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), and Tether (CRYPTO: $USDT) to be traded on official Russian exchanges.
The Bank of Russia published the draft rules on Tuesday. The move follows legislation signed by President Vladimir Putin that formally legalized cryptocurrency trading in the country.
Under the proposed framework, both retail and professional investors would have to pass a test before they can trade Bitcoin, Ether or Tether from September 1. Retail investors make up around 98% of Russia's crypto market participants, according to the central bank.
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The Bank of Russia published the draft rules on Tuesday. The move follows legislation signed by President Vladimir Putin that formally legalized cryptocurrency trading in the country.
Under the proposed framework, both retail and professional investors would have to pass a test before they can trade Bitcoin, Ether or Tether from September 1. Retail investors make up around 98% of Russia's crypto market participants, according to the central bank.
More From Cryptoprowl:
Bernstein Sees 100% Upside In TeraWulf Stock After Earnings
#bank #proposed #investors #usdt
9 days ago
