Russia's Central Bank Proposes Limiting Retail Crypto Investors to Bitcoin, Ethereum, and USDT
By
Rizwan Ansari
Master baker tier. Every paragraph earns its place on the tray.
Summary
Russia's central bank plans to restrict retail crypto investors to only three approved cryptocurrencies—Bitcoin, Ethereum, and Tether's USDT—as part of a new regulatory framework under the upcoming law "On Digital Currency and Digital Rights," expected to take effect by July 1, 2026. The move aims to balance crypto adoption with investor protection by limiting the market to a smaller, more controlled set of digital assets.
Key quotes
· 3 pulledThe proposal was confirmed by Russian Central Bank First Deputy Governor Vladimir Chistyukhin, who said the regulator currently has no plans to expand the list beyond Bitcoin, Ethereum, and Tether's USDT stablecoin.
The decision shows Russia's attempt to balance crypto adoption with investor protection.
The move is part of Russia's upcoming law 'On Digital Currency and Digital Rights,' which is expected to become operational by July 1, 2026.
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