The Russian Central Bank has proposed a regulatory framework for cryptocurrency in the domestic market, allowing both qualified and ordinary investors to purchase crypto assets under specific conditions. Ordinary investors will be limited to high-liquidity cryptocurrencies, subject to a test and an annual cap of 300,000 rubles. Qualified investors, however, can invest in a broader range of cryptocurrencies, excluding anonymous coins, without any financial limit. The proposal classifies digital currencies and stablecoins as "monetary value assets," permitting their trade but prohibiting their use for domestic payments.
Russian Central Bank Proposes Crypto Regulation Framework
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