The Russian Central Bank, along with the guidance of President Vladimir Putin, Present Government proposals to allow a limited group of local investors to buy and sell cryptocurrencies.
According to advertisementThe initiative can be first in a three -year demo system.
The idea of the banking establishment is to enable encryption trading for these Russian investors who have at least 100 million rubles (or $ 1.1 million) of securities, deposits or those The annual income in the previous year exceeded 50 million rubles (about $ 570,000).
The proposal provides entities classified as qualified investors under the current legislation to participate In experience.
The Bank of Russia also aims to create to be sure Organizational requirements for financial organizations are ready to adopt the cryptocurrency.
introduction This system can increase the market transparency, and provides more opportunities for experienced investors who open up to higher risks, and set clear standards.
In the past, the Russian Central Bank has repeatedly warned that encrypted currencies have not been issued or guaranteed by any judicial mandate and defamation of its augmented fluctuation. As such, investors must Be aware of The entry of the ecological system may lead to decisive losses.
The banking institution still does not recognize the asset category as a way to pay. However, he suggested prohibiting transactions between residents who include cryptocurrencies outside the experimental system and imposing sanctions on violating this rule.
On the other hand, multiple reports have emerged since the “special military operation” in Russia against Ukraine, which began more than three years ago that local companies, as well as the government, are using encryption to overcome Western sanctions.
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