Bank of Russia shortlists BTC, ETH and USDT for public trading

The Bank of Russia on Friday approved Bitcoin, Ethereum and Tether, a dollar-pegged stablecoin, for legal trading by non-qualified retail investors, with authorized platforms allowed to list them after a directive takes effect on November 17. Purchases through brokers, asset managers or exchanges are capped at 300,000 rubles a year per intermediary, or less than $3,700 at the current rate. The regulator selected only highly liquid assets meeting legal criteria, including at least five years of trading history, average capitalization above 5 trillion rubles over two years and average daily volume above 1 trillion rubles. The Moscow Exchange and Sberbank plan to begin coin trading on December 1.