Russia’s Central Bank to allow limited crypto investments

The Russian Bank has submitted proposals to the government to establish a regulated framework for cryptocurrency investments under an experimental legal regime of three years.

The initiative, following the directives of the Russian president, would allow a group of investors restricted to buy and sell digital currencies.

Below proposalOnly “particularly qualified” investors – those who have investments exceeding 100 million rubles in securities and deposits or an annual income greater than 50 million rubles – would be eligible.

In addition, qualified investors and financial organizations regulatory standards could participate. The central bank will introduce specific risks based on risks for financial institutions investing in cryptocurrency.

Investment opportunities in Russia

The initiative aims to improve Marker transparency, establish service standards and expand investment opportunities for experienced investors.

The Russian Bank argues that private cryptocurrencies are very volatile and not supported by a jurisdiction. Investors would include the risk of potential losses.

The central bank continues to reject cryptocurrency as a means of payment and proposes to prohibit cryptographic transactions between residents outside the EPR, with penalties for violations.

However, all qualified investors would be authorized to invest in derivatives, securities and digital financial assets linked to cryptographic value but not involving direct delivery of cryptographic assets.

Russia has maintained a cautious position On digital assets, restricting their use for payments while exploring regulatory measures for investment and cross -border transactions.