Moscow Exchange plans Bitcoin, Ethereum and USDT trading from December 1

Boris Blokhin, the exchange's senior managing director for sales and business development, unveiled the plans during the Smartlab investment conference in Moscow, according to an October 31 report by RBC. Blokhin said the exchange had already begun testing cryptocurrency transactions with professional market participants and would continue admitting additional firms as their systems became ready.

The planned launch follows Russia's new cryptocurrency regulations, which took effect on September 1 and established rules for trading, custody and investor access. Bitcoin and Ethereum will be offered alongside Tether's USDT, a stablecoin designed to maintain a value close to the U.S. dollar. The initial trading service will operate through the infrastructure already used for securities transactions.

Earlier coverage

• Hacker's 18,270 BTC haul beats Coinbase's treasury Oct 30