Russia to restrict retail crypto buys to BTC, ETH, USDT from July 1

The Central Bank of Russia announced that starting July 1, it will limit the cryptocurrencies available to general retail investors to BTC, ETH, and USDT, Crypto Briefing reported. Non-professional investors will be permitted to purchase up to 300,000 rubles (about $4,000) in crypto annually and must pass a risk assessment test before investing. Professional investors will undergo the same test but will face fewer restrictions on their investment assets and amounts. Meanwhile, Russia recognizes cryptocurrencies as an asset but continues to prohibit their use as a means of payment.