Bank of Russia to Allow Crypto Purchases for Limited Investors

Russian central bank proposes to allow buying and selling cryptoassets to a limited number of investors, according to the website statement.

• Only “especially qualified” individual investors, corporate “qualified” investors and financial organizations will be eligible to conduct transactions with crypto
• For financial organizations investing in cryptoassets, Bank of Russia will establish regulatory requirements to take into account their risks
• Special experimental legal regime will be introduced for 3 years
• Bank of Russia still does not consider crypto as a means of payment
• Central bank plans to allow all qualified investors to invest in derivatives, securities and digital financial assets ...