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Crypto

Russia partly legalises crypto investment and trading, bars domestic payments

Russia will partly legalise cryptocurrency investment and trading from Sept. 1 local time under a new law, while keeping a ban on crypto payments inside the country. Residents will be able to buy digital assets through intermediaries licensed by the central bank, and exchanges must obtain new approval and meet capital requirements. Limits will apply to non-professional investors. The law also allows crypto use for international settlements by Russian firms.

Crypto

Russia\'s Sberbank seeks to expand crypto-backed loans with ETH and USDT, cool to digital ruble

Russia\'s largest bank Sberbank plans to expand crypto-backed lending by recognising ether and Tether\'s USDT as collateral after previously accepting bitcoin. The bank will adjust products to match a new Russian crypto law due to take effect on Sept. 1, with actual expansion contingent on central bank approval of public trading. Sberbank executives also signalled a cautious stance toward the digital ruble, citing limited interest beyond the central bank.

Crypto

MOEX to launch perpetual futures linked to bitcoin, ether in September

Moscow Exchange (MOEX), Russia\'s largest bourse, will launch perpetual futures linked to bitcoin and ether in September. The move comes ahead of Russia\'s introduction next month of new laws on digital assets and as the country speeds up the institutionalisation of crypto derivatives. MOEX plans to expand coin-based products to as many as 10. New rules taking effect on Sept. 1 broaden investor access, while limiting retail investment to 300,000 roubles a year per broker.