TREE NEWS update: Russia’s central bank has finalized rules allowing trading platforms to offer bitcoin, ether and USDT to retail investors from Nov 17. Non-qualified investors may buy at most 300,000 rubles ($3,700) of crypto per year through each intermediary, while qualified investors face no cap; all must pass a mandatory test. The Moscow Exchange plans to launch crypto trading on Dec 1, and direct person-to-person crypto transactions will be banned from July 1, 2027.
Russia Sets Retail Crypto Rules From Nov 17, Caps Non-Qualified Buyers at 300,000 Rubles
Russia is effectively constructing a licensed, intermediated retail crypto market while closing the unregulated P2P route, with the per-intermediary cap creating an incentive to spread purchases across platforms rather than a hard ceiling on total exposure. The mandatory test and qualified/non-qualified split put the burden on intermediaries to police client eligibility, making compliance infrastructure as important as liquidity. The open questions are whether the Moscow Exchange launch proceeds on schedule and how the 2027 P2P ban reshapes flows that currently bypass formal venues.
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