https://www.msn.com/en-us/money/financial-regulation/russia-moves-to-legalize-domestic-crypto-deals-for-retail-buyers/ar-AA1STJC5
Russia’s central bank has prepared a framework to regulate cryptocurrencies on the domestic market that will allow retail investors to buy them in addition to qualified investors, in a fresh sign of how sanctions have reshaped its approach to the assets.
Non-qualified investors would be allowed to buy the most liquid cryptocurrencies after passing a knowledge test, with transactions capped at 300,000 rubles (about $3,800) per year through a single intermediary, the Bank of Russia said in a statement Tuesday. Qualified investors would be able to buy unlimited amounts of any cryptocurrencies, except anonymous tokens, after passing a risk-awareness test.
