Moscow Exchange to start BTC, ETH and USDT trading
BROBROK News · Based on reporting by Cointelegraph ·
Moscow Exchange plans to launch trading in Bitcoin, Ether and USDT on Dec. 1, using its existing market infrastructure and the National Clearing Center for settlement. The rollout will begin with pilot trades and include limits for non-qualified investors, who must pass a test before buying crypto.
Key points
- Trading is scheduled to begin on Dec. 1.
- The exchange will use its current stock-market infrastructure and the NCC for clearing.
- Non-qualified investors must pass a test and face an annual purchase cap of 300,000 rubles per broker.
- The launch follows the main provisions of Russia’s new crypto law taking effect.
- Moscow Exchange and the NCC are already under US, UK and EU sanctions.
Why it matters
The move would create one of Russia’s first regulated crypto trading venues, but sanctions could weigh on access and liquidity. It also shows the government is allowing supervised trading while still banning crypto payments for goods and services.
Original headline: “Moscow Exchange to launch Bitcoin, Ether and USDT trading in December”
Read the original on Cointelegraph
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.