Russia’s central bank signals shift toward retail crypto access
Russia’s central bank has submitted draft that would allow non-qualified investors to purchase crypto, but only under strict conditions.
The Bank of Russia put forward a policy proposal that would allow non-qualified investors to buy certain cryptocurrencies.
According to a Tuesday announcement, the central bank’s proposal would allow both qualified and non-qualified investors to buy most crypto, but with limitations.
Non-qualified investors would be limited to a yet-to-be-defined set of liquid crypto after passing a knowledge test, capped at 300,000 rubles ($3,834) a year. Qualified investors would gain broad market access excluding privacy coins, also subject to a knowledge test.
