The Bank of Russia proposed allowing Bitcoin, Ether and Tether’s USDT to trade on regulated exchanges following a law signed by President Vladimir Putin on Aug. 4 that grants the central bank authority to determine which digital assets can be admitted to organized trading. The proposed assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on foreign markets. Non-qualified investors will be limited to 300,000 Russian rubles ($3,650) per year per intermediary, while qualified investors will face no purchase limits. All investors must pass a test and familiarize themselves with the risks of investing in crypto assets before making any transactions.
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