Russia's top stock exchanges prepared to launch crypto trading

Russia's two leading stock exchanges, the Moscow Exchange (MOEX) and the Saint Petersburg Exchange (SPB), have completed preparations to launch cryptocurrency trading, according to a report from Wu Blockchain. The exchanges stated they are ready to begin offering crypto trading as soon as a legal framework is established. Under the proposed regulations, both retail and institutional investors would be able to participate. Retail investors would be permitted to trade up to 300,000 rubles (approximately $4,000) annually. Institutional investors are expected to face no specific trading limits, with the exception of privacy coins. This development follows an earlier Bloomberg report that the Russian government was advancing legislation to allow cryptocurrency investments for the general public.