The Central Bank of Russia initially only allowed retail investors to trade Bitcoin, Ethereum, and USDT under the new regulations.
CoinFeed reported on June 8th that, according to Crypto Briefing, the Central Bank of Russia has rejected a proposal to immediately expand access to cryptocurrencies, prohibiting non-accredited investors from trading cryptocurrencies other than Bitcoin, Ethereum, and USDT. Deputy Governor Vladimir Chistyukhin stated that only these three mainstream digital currencies will be allowed to trade after the new regulations take effect. Chistyukhin pointed out that the high volatility of cryptocurrencies, market risks, and the potential restrictions or freezes on stablecoins are the reasons for maintaining strict limits. These rules are part of Russian digital currency legislation and are expected to take effect next month after passing its first reading in the State Duma by an overwhelming majority in April. The regulator also intends to maintain the proposed investment cap of 300,000 rubles.