Crypto

Russia to allow crypto trading on exchanges from Nov. 22, retail investors to buy coins

Russia\'s central bank will allow cryptocurrency trading via exchanges from Nov. 22, after updating operating rules that take effect 10 days after publication. Exchanges must register brokers, trustees and central counterparties and report trading data. Retail investors will be able to buy bitcoin, ether and tether from Nov. 17 under a separate order. Non-qualified investors face an annual limit of 300,000 roubles per intermediary, while qualified investors can buy without limits.

Finance

Toss Insight says 2 out of 3 retail investors hold or average down despite losses

Two out of three retail investors in South Korea keep holding losing stocks or buy more, according to Toss Insight. In a survey-based report, 42.2 percent said they continue to hold loss-making positions and 24.4 percent said they add to them, while 23.9 percent cut losses based on their rules. Loss experience over the past year was lower among rule-based sellers. Investors with shorter experience reported higher losses.