Russia has announced new restrictions on the cryptocurrencies that individual retail investors can trade within the country.
Russia’s central bank said in a statement that, going forward, retail investors will only be able to trade Bitcoin (BTC), Ethereum (ETH), and Tether’s USDT stablecoin.
That means Tether is the only U.S. dollar-linked stablecoin that individual investors in Russia have access to moving forward.
The new rules also limit the amount of money that retail investors can put into crypto to the equivalent of $3,600 U.S. per year.
Additionally, any and all cryptocurrency payments inside Russia remain prohibited by the central bank.
However, the new rules do not apply to professional traders and qualified or accredited investors that have a sizable net worth, said Russia’s central bank.
Bitcoin is trading at $64,250 U.S. in early trading on Aug. 12.
