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Russia’s Central Bank Approves Bitcoin, Ethereum Trading For Retail Investors

By Boluwatife Adeyemi

Russia’s Central Bank has cleared the way for retail investors to trade crypto assets such as Bitcoin and Ethereum on exchanges. This follows the earlier passage of the country’s market structure legislation, which paved the way for crypto activity. Ad Ad Russia Central Bank Clears Path For Bitcoin, Ethereum Trading…

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Central bank

The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.

Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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