Bloomberg: Russia plans to allow retail investors to participate in domestic cryptocurrency trading

TechFlow, December 24 — According to Bloomberg, the Central Bank of Russia has developed a regulatory framework for the domestic cryptocurrency market, proposing to allow retail investors to purchase cryptocurrencies under specific conditions.

Under the framework, non-qualified investors who pass a knowledge test will be permitted to buy the most liquid cryptocurrencies, with an annual trading limit of 300,000 rubles (approximately $3,800) through a single intermediary. Qualified investors, after passing a risk awareness test, will be allowed to purchase any cryptocurrency except anonymous tokens without transaction limits.