NewsAltcoins & DeFi
Moscow Exchange to launch Bitcoin, Ethereum
The Moscow Exchange will launch Bitcoin and Ethereum trading on December 1, following Russia's finalized rules for crypto trading. Non-qualified investors will be limited to annual purchases of 300,000 rubles. This development is significant for crypto investors as it marks a new milestone in the adoption of cryptocurrencies in Russia.
The Bank of Russia has finalized the list of assets that investors without qualified status can buy, allowing exchanges to list Bitcoin, Ethereum, and USDT for public trading from November 17.
Non-qualified investors will be limited to annual purchases of 300,000 rubles through each intermediary and must undergo testing before a transaction. Qualified investors will have access to any cryptoassets without restrictions.
The Moscow Exchange plans to use its stock-market technology and include digital currency transactions in National Clearing Centre clearing, with pilot trades starting on December 1.
Source: cryptoslate.com
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