Cointime

Cointime

Download App
iOS & Android
Home / Point

Bank of Russia Limits Retail Crypto Trading to Bitcoin, Ethereum, and USDT Starting September 1

The Bank of Russia will restrict retail investors from trading cryptocurrencies on regulated exchanges starting September 1, allowing transactions only in Bitcoin, Ethereum, and USDT. Non-qualified investors will have an annual purchase limit of 300,000 rubles, approximately $3,600, through a single intermediary. Qualified investors will not have a limit. These regulations further clarify the legislation passed in July, but cryptocurrency payments within Russia remain prohibited under current laws. (CoinDesk)

Comments

All Comments

Recommended for you

  • AI Computing Power is Being Packaged as a Financed Asset

    According to Silicon Data, the rental prices for A100, H100, H200, and B200 in the non-Hyperscaler market are approximately $1.65, $2.72, $3.29, and $5.61 per GPU hour, respectively. The H100 has rebounded significantly from $2 at the end of last year, while the B200 and H200 have also strengthened concurrently. Based on a 36-month forward rental curve, the estimated residual value of the H100 has risen from $14,000 in October last year to about $20,000 currently (residual value refers to model valuation, not actual transaction price). The rental trend supports Jensen Huang's logic of assetizing computing power: once GPUs stably generate inference rental income, they can be financed through future cash flow collateral, similar to airplanes and ships. On August 10, NVIDIA, in collaboration with Apollo, BlackRock, and others, promoted over $500 billion in AI infrastructure financing, with some loans secured by equipment. NVIDIA may provide up to 25% guarantees based on residual value. If this model is established, it will reduce Neo-cloud financing costs and stimulate GPU demand. However, it is important to note that Silicon Data's own second-hand market data shows that the listing price of a 3-year-old H100 is only 20%-30% of the peak price of new models, indicating significant technological depreciation. The stable rental income from the A100 over six years only suggests that older models still hold value in low-cost scenarios such as inference and fine-tuning. A more accurate assessment is that the economic lifespan of GPUs may exceed the previously assumed 2-3 years, with strong inference demand offsetting some technological depreciation, which is crucial for the collateral valuation in the $500 billion financing plan.

  • Central Bank: Gradually Increase the Frequency of Overnight Reverse Repo Operations to Enhance Policy Rate Transmission

    On August 12, the Central Bank released the 2026 second quarter report on China's monetary policy implementation. The report stated that moving forward, the People's Bank of China will continue to steadily and orderly promote the reform and improvement of the monetary policy operation framework. It will flexibly and accurately carry out various operations, maintain the total liquidity at an appropriate level, and better guide the stable operation of short-term interest rates in the money market. In response to the needs of primary dealers, the frequency of overnight reverse repo operations will be gradually increased to further enhance the transmission of policy rates to market rates.

  • Sources: No Discussions on Extending Ceasefire

    On August 12, according to Reuters, a senior Iranian source stated: "There are currently no discussions between Iran and the United States regarding the extension of the ceasefire. From Iran's perspective, the ceasefire does not have an effective date, so there is no need for an extension. The United States violated the temporary agreement 48 hours after it was reached and withdrew from the agreement a few days later. One of the issues currently being discussed is the U.S. return to the memorandum of understanding and determining a timeline for the U.S. to fulfill its commitments, but there has been no progress on this issue so far." (Jinshi)

  • Central Bank: Current Social Financing and M2 Growth Rates Exceed Nominal GDP Growth, Monetary Environment Remains Relatively Loose

    On August 12, the People's Bank of China released the 2026 second quarter report on the implementation of China's monetary policy. The report states that social financing scale and broad money M2 are macro financial aggregate indicators with a wide coverage. These two indicators approach the financial and real economy, as well as assets and liabilities, from different perspectives, encompassing a diverse range of financing channels and providing a comprehensive view of financial aggregates. It is also necessary to objectively and scientifically assess their trends. Mathematically, as bond financing increases, the growth rates of M2 or deposits may naturally differ from those of loans, which does not indicate insufficient financial support for the real economy or idle capital. Compared to the growth rate of nominal GDP, the current growth rates of social financing and M2 still exceed that of nominal GDP, indicating a relatively loose monetary financial environment.

  • Central Bank: Timely Planning of Practical Incremental Policies to Strengthen Counter-Cyclical Regulation

    On August 12, the Central Bank released the 2026 second quarter report on the implementation of China's monetary policy. The People's Bank of China will timely plan and implement practical incremental policies, enhance counter-cyclical regulation, and strengthen the expansion of domestic demand and optimization of supply to promote sustained and improved economic development. It will steadfastly follow the path of financial development with Chinese characteristics, further deepen financial reform and high-level opening-up, accelerate the construction of a strong financial nation, improve the central banking system, and build a scientific and robust monetary policy system along with a comprehensive macro-prudential management system, ensuring smooth transmission of monetary policy mechanisms. (Jin Shi)

  • U.S. Stock Index Futures Rise Short-Term, Nasdaq 100 Futures Up 0.7%

    U.S. stock index futures have risen short-term, with Nasdaq 100 futures up 0.7%. U.S. Treasury bonds have increased, and the yield on the 10-year Treasury note has fallen by 3 basis points to 4.66%.

  • Musk: AI to Account for 99% of SpaceX Valuation, Aiming for 10 GW Computing Power by End of Next Year

    On August 12, Musk stated in his latest remarks that AI revenue will surpass all other business revenues of SpaceX by September, and he predicts that within five years, AI will account for 99% of SpaceX's valuation. Musk mentioned that SpaceX has established 'the world's most powerful AI training cluster' and plans to increase its current computing power by about tenfold by the end of next year, targeting 10 gigawatts, which corresponds to a potential annual revenue of $300 billion to $500 billion. He also anticipates that Starlink could handle over 90% of global internet traffic in the future.

  • WTI Crude Oil Declines 1.00% to $81.37 per Barrel

    WTI crude oil has decreased by 1.00% today, currently priced at $81.37 per barrel.

  • South Korea to Require New Investors in Single Leveraged ETFs to Complete Simulation Trading Exercises

    South Korea will require new investors in single leveraged exchange-traded funds (ETFs) to complete simulation trading exercises, further tightening regulatory measures on this high-risk product that exacerbates market volatility. The Financial Services Commission of South Korea announced that new investors must complete at least five days of simulation trading, totaling at least five hours, before purchasing single leveraged ETFs. The new regulation will take effect on August 19 and applies to both domestic and overseas investments.

  • Yen Fluctuations: Major Currencies Experience Sharp Decline Against Yen

    On August 12, the yen suddenly strengthened, causing major non-USD currencies to collectively drop sharply against the yen. The British pound against the yen fell nearly 80 points in a short time, the euro against the yen (EUR/JPY) dropped over 60 points, the Swiss franc against the yen fell nearly 60 points, the Canadian dollar against the yen decreased by nearly 50 points, and the Australian dollar against the yen dropped nearly 40 points.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company