WirepolicyDextape brief
U.S.-Sanctioned Moscow Exchange Will List Bitcoin on Dec. 1 as Russia Pulls Crypto Trading Home
Russia's largest exchange, Moscow Exchange,. will open bitcoin trading on Dec. 1 under the country's new crypto law, with retail buyers tested and capped at 300,000 rubles a year.
Dextape brief
Moscow Exchange, Russia's largest trading venue, plans to list bitcoin, ether and Tether's USDT on December 1, the company said this week, presenting it as the country's first structured venue for digital currencies. The first phase is a pilot, and participants will join as they become ready. Trading will follow the exchange's stock market systems and hours, with the National Clearing Centre clearing every trade. Non-qualified investors must pass a test and can buy no more than 300,000 rubles, about $3,700, of digital currency annually through one broker, while qualified investors face no cap. The U.S. Treasury blocked the exchange and clearing centre in June 2024, and the report notes that neither party has commented publicly on how USDT held through that structure would be handled.
Why it matters: It shows Russia bringing crypto trading onto supervised domestic infrastructure, even through a sanctioned institution.
Read the full story
Mentioned in this story
Open a coin page for its current price.