Bitcoin Opens to Russian Savers With a 300,000-Ruble Cap, Just 0.048 BTC a Year Per Broker: How Much Can Russians Really Buy?

Russians without qualified-investor status will be able to buy Bitcoin, Ether and Tether’s USDT through brokers, but only up to 300,000 rubles a year each, under Bank of Russia rules officially published on Friday, November 6. At Friday’s prices, that is about $3,668, or 0.048 BTC. The cap was set out in Directive No. 7441-U , signed by Governor Elvira Nabiullina on September 11 and registered with the Justice Ministry on October 30. It takes effect 10 days after publication, on November 17. Qualified investors face no limit. The venue is almost ready.