Crypto6 Nov, 14:30 UTCRussia

Bank of Russia clears retail trading in Bitcoin, Ether and USDT

Russia's central bank has approved rules letting retail investors trade Bitcoin, Ether and USDT, a dollar-linked stablecoin. The rules are set to take effect on November 17.

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Photo: Юрий Д.К., CC BY 4.0, via Wikimedia Commons

Crypto · 6 Nov, 14:30 UTC

The Bank of Russia now permits ordinary investors to buy and sell digital assets like Bitcoin and Ether through exchanges. The permission also applies to USDT, a stablecoin, meaning a token built to keep a steady value.

Crypto

The approval follows the country's earlier passage of market structure legislation. That law paved the way for crypto activity.

In numbers

Nov. 17Rules take effect

Bitcoin, the past month

$75,749down −11.45%

Crypto

The rules are set to take effect on November 17.

What comes next

The rules are set to take effect on November 17.

Bitcoin$75,749down −11.45%over 1 month

Prices by CoinGecko. Past moves say nothing about future ones.

Also in this story

Etherdown −17.42%1 month

$1,000 in Bitcoin

Had you put Amount in dollars$ into Bitcoin a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

Background

The approval follows the earlier passage of Russia's market structure legislation for crypto.

Where: Russia
Published: 6 Nov, 14:30 UTC
Section: Crypto
Markets: Bitcoin, Ether

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: Юрий Д.К., CC BY 4.0, via Wikimedia Commons

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