Russia’s central bank will allow exchanges to open cryptocurrency markets from Nov. 22, provided the regulator first approves their trading rules. Non-qualified investors may buy bitcoin, ether and USDT through a broker, trust manager or registered crypto exchange office, subject to an annual purchase limit of 300,000 rubles. Qualified investors will have access to all cryptoassets without a purchase cap, but both groups must pass a knowledge test and read a risk disclosure. The Moscow Exchange plans to launch bitcoin, ether and USDT trading on Dec. 1 as a pilot, while the SPB Exchange aims to start organized cryptocurrency trading by the end of the year.
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