Bloomberg: Russia Plans to Allow Retail Investors to Participate in Domestic Cryptocurrency Trading
According to TechFlow, on December 24, Bloomberg reported that the Central Bank of Russia has established a framework to regulate the domestic cryptocurrency market, which will allow retail investors to purchase cryptocurrencies under certain conditions.
According to this framework, non-qualified investors can purchase the most liquid cryptocurrencies after passing a knowledge test, but the annual trading limit is set at 300,000 rubles (approximately $3,800) through a single intermediary. Qualified investors, after passing a risk awareness test, can purchase any cryptocurrency except anonymous tokens without any limit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia's newly appointed Chairman of the Board addresses all employees: The company's strength comes from its team, technology, and ecosystem.
In an email, NVIDIA's new Chairman of the Board Harvey Jones stated that the board takes its duty as guardian of this great company very seriously. The company's strength comes from our employees, leadership team, technological capabilities, and partner ecosystem. We will continue to drive business growth and lead the industry forward. Thank you all for your focus, professionalism, and dedication to NVIDIA.
Exodus' 'cost reset is real' as payments offset crypto wallet slowdown, StoneX says
Crypto prices
More
