The Central Bank of Russia plans to open up cryptocurrency investment and proposes new rules to differentiate investor levels.

PANews reported on December 24 that the Central Bank of Russia released a draft concept for cryptocurrency market regulation, proposing to allow qualified and unqualified investors to invest in crypto assets under certain regulations. Unqualified investors, after passing a test, can purchase up to 300,000 rubles (approximately $3,800 USD) of highly liquid cryptocurrencies annually through a single intermediary; qualified investors, after passing a risk assessment, can invest unlimited amounts in any cryptocurrency except anonymous cryptocurrencies. The concept also proposes that crypto transactions will be conducted through existing licensed institutions, with relevant legislation expected to be completed by July 2026, and legal liability imposed on illegal intermediaries starting in July 2027.

Last night it was reported that the Russian central bank plans to relax restrictions on cryptocurrency investment .

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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