Russia’s Crypto Pivot: Retail Trading Limits, Exchange Launch Plans, and Bitcoin Mining’s Ruble Link
Russia’s central bank has proposed allowing retail and professional investors to buy certain cryptocurrencies through licensed intermediaries, with strict limits and mandatory testing for most citizens. Major Russian exchanges say they are preparing to support regulated crypto trading once laws are in place. The proposal maintains a ban on using crypto for domestic payments. Senior officials now acknowledge Bitcoin mining’s impact on the ruble.