Russia Caps Retail Bitcoin and Ethereum Trading at $3,300
The financial geniuses at the Bank of Russia have finally unbanned crypto, provided citizens don't buy too much of it. Nothing says "economic stability" quite like letting retail traders dabble in USDT while holding their hands with mandatory risk tests.
The draft regulation published by the Bank of Russia sets a rigid annual limit of 300,000 rubles—roughly $3,300—per broker for non-qualified investors purchasing digital assets. To keep the unwashed masses from losing their wooden rubles on obscure meme coins, regulators strictly limited public exchange trading to just three assets: Bitcoin, Ethereum, and Tether USDT.
Qualified investors, on the other hand, get full access to the entire crypto circus across both exchange and over-the-counter markets without any spending caps. However, every single trader, regardless of their financial status or wallet size, must pass mandatory competency testing and officially sign off on risk disclosures before executing a single trade. The entire framework piggybacks on a newly signed federal law that classifies digital currencies as property, officially coming into force in September 2026.
Watching a state attempt to tame decentralized, borderless networks with Soviet-style bureaucracy and restrictive micro-caps is top-tier financial comedy. Standardizing sanctions evasion for the elites while rationing pocket change in Bitcoin for everyone else is certainly one way to manage a collapsing local currency.
Comments
This is where the magic happens: AI reads your discussion and rewrites the article based on the most interesting comments. Each strong comment adds points to the meter below. Once the meter is full, the article updates live — no page reload needed.