U.S.-Sanctioned Moscow Exchange Will List Bitcoin on Dec. 1 as Russia Pulls Crypto Trading Home
By Micah Zimmerman
AI summary of the source article
Moscow Exchange will begin pilot trading of bitcoin, ether, and USDT on Dec. 1, using its existing stock market technology and clearing infrastructure. Non-qualified investors face testing requirements and an annual purchase limit of 300,000 rubles.
Why it matters
The goal is to move trading that Russians already do on offshore exchanges and peer-to-peer desks onto domestic, supervised rails where the state can see it and tax it.
Key facts
- Moscow Exchange, sanctioned by the U.S. Treasury in June 2024, will launch trading for BTC, ETH, and USDT on Dec. 1.
- Trades will clear through the National Clearing Centre, with custody managed by partner digital depositaries.
- Non-qualified investors must pass a test and are capped at buying 300,000 rubles of digital currency per year via a single broker.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine 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. This post U.S.-Sanctioned Moscow Exchange Will List Bitcoin on Dec. 1 as Russia Pulls Crypto Trading Home f…