Russia Opens Bitcoin Trading, but Its Biggest Exchange Is Under US Sanctions

Four years ago, Russia’s central bank wanted crypto exchanges banned. From Nov. 22, it will let them trade Bitcoin. Russia’s biggest exchange, the Moscow Exchange, sits on a US sanctions list. That matters for Russian savers. One of the three coins they can buy, Tether (USDT), tracks the US dollar. Its issuer follows US sanctions when it freezes wallets. What Russians Can Buy, and How Much In January 2022, the Bank of Russia proposed banning crypto exchanges outright. Now it writes their rules under Russia’s new crypto law . Exchanges need its approval first and must report every trade, TASS reported. The menu is short. Only Bitcoin (BTC), Ethereum (ETH), and USDT made the cut. A coin needs an average market value of about $60 billion over two years.

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