The Russian government has approved a comprehensive package of cryptocurrency regulation laws, as disclosed by the Ministry of Finance. Under the proposed regulations, non-qualified investors will face a purchase limit of 300,000 rubles for crypto assets on a single brokerage platform. They will only be allowed to trade high-liquidity digital currencies listed by the Russian central bank and must pass a specialized test. Qualified investors will also be required to undergo testing but will not face any financial limits.
Additionally, the new regulations will prohibit cryptocurrency transactions without regulated intermediaries. The legislative package is expected to be submitted to the State Duma for consideration in the coming days.
Russia Approves Crypto Regulation Package with Investor Limits
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