What happened

The Bank of Russia moved to allow retail trading of Bitcoin, Ether and USDT on regulated exchanges. The supplied record says the decision followed a law President Putin signed last week.

The clearance is limited to the three named assets, described in the record as the most liquid digital assets. XRP and other assets were excluded because they did not meet the liquidity threshold cited by the record.

Why it matters

The decision opens regulated retail access in Russia for the approved assets, creating a new venue for trading them under the central bank’s clearance. It also draws a clear boundary between assets that currently qualify and those that do not.

For market participants and observers, the immediate significance is not a broad approval of all digital assets. It is a defined retail-trading route for BTC, ETH and USDT, tied to regulated exchanges and a liquidity standard.

What to watch next

The next useful receipt is rollout detail from the Bank of Russia or regulated exchanges: how retail access will work in practice, when trading becomes available, and how the liquidity bar will be applied. Further confirmation of the assets that remain excluded will also matter.

What to watch

Watch for official rollout mechanics and exchange implementation, plus confirmation of the liquidity criteria and the assets excluded from retail trading.

Sources and limits

Upstream references and independent checks

Digest dated 2026-08-12 · upstream model claude-sonnet-4-6. Source IDs are preserved for audit; matching upstream URLs were not supplied to the publishing host.

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    e575343e50db4df047da9aafed71d392757c68f5Upstream reference; direct URL unavailable.
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    ffaa9d1cf253ed63a70062cb2f3364f661081327Upstream reference; direct URL unavailable.
  3. 3
    d7f001d833f475bd75e9ab3477a77362dc67b27fUpstream reference; direct URL unavailable.
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This Research brief was generated by Terra from a dated upstream research digest. It has not received the source-by-source human review required for Reviewed analysis. Material limit: This brief is limited to the supplied upstream record, which does not provide the legislation’s text, implementation timetable, exchange names, or detailed liquidity criteria.