The central bank in Russia proposes a proposal to allow wealthy investors to exchange bitcoin and encryption: Report

It is said that the Central Bank of the Russian Federation issued a proposal that if approved, it will be allowed for entities for the exchange of encryption assets.

In a statement, the central bank proposes a three -year experience where wealthy investors and companies enjoy some green lights to buy and sell encryption assets, Reports Reuters.

The central bank in Russia says the experiment is designed to increase transparency in the trading of encryption, but warns that the participants can lose money in digital assets.

“This is a new situation … Citizens will receive if their investments in securities and deposits exceed 100 million rubles (1.15 million dollars) or if their income during the past year is more than 50 million rubles (575,000 dollars).”

In July 2020, Russia has made a law prohibiting the use of cryptocurrencies such as Bitcoin (BTC) to buy goods and services in the country. But it seems that the European giant reduces its position on digital assets after the United States and its allies imposed Shalian sanctions against Russia for the war in Ukraine.

In September, the country approved a draft law that enabled legal entities and businessmen registered to compensate for digital assets. Reports also appeared last year that Russia will try to use the NSPK system to trade rubles and encryption assets when testing payments and the exchange platform.

NSPK was established in 2014 and is fully owned by the Central Bank of Russia, but was placed under the imposition of sanctions in February 2024 by the US Treasury.

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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.

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