U.S.-Sanctioned Moscow Exchange Will List Bitcoin on Dec. 1 as Russia Pulls Crypto Trading Home

Russia's largest exchange, Moscow Exchange,. will open bitcoin trading on Dec. 1 under the country's new crypto law, with retail buyers tested and capped at 300,000 rubles a year. Moscow Exchange, Russia’s largest trading venue, will begin trading bitcoin, ether and Tether’s USDT on Dec. 1, the exchange announced this week, calling it the country’s first organized market for digital currencies. The launch puts bitcoin on the same screens Russians use to trade Sberbank and Gazprom shares. It also puts a major crypto venue inside an institution that sits under U.S. sanctions. The first phase will run as a pilot. Participants will connect as they are ready, and the exchange said interest has come from existing members, their clients and businesses that already use digital currencies for investment and settlement.