TechFlow, April 6 — According to Cryptonews, Elvira Nabiullina, head of the Central Bank of Russia, reiterated her hardline stance on cryptocurrencies during a State Duma session on April 3, calling for "stricter penalties" against domestic cryptocurrency traders. She emphasized that "cryptocurrencies must not be allowed to penetrate domestic monetary circulation," while acknowledging they could be used in international trade within regulatory sandboxes supervised by the central bank. Nabiullina proposed permitting "highly qualified investors" (those with assets exceeding $1.2 million or annual income over $587,000) to invest in cryptocurrencies under strict oversight. Currently, Russian lawmakers remain divided on cryptocurrency regulation, and a comprehensive legal framework for cryptocurrency trading has not yet been adopted.
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