Russia's central bank has proposed regulating certain cryptocurrency investments for wealthy individuals, it said on Wednesday, outlining plans for "specially qualified" investors to trade crypto assets. The bank has gradually softened its strong opposition to cryptocurrencies, backing a law last year that allowed businesses to use cryptocurrencies in international trade, part of efforts to skirt Western sanctions imposed against Russia over the conflict in Ukraine. The bank said the experiment was aimed at increasing transparency of the cryptocurrency market and reminded potential investors of the risks of losing funds when trading crypto.
Russia’s central bank proposes crypto trading for limited investors
The central bank of Russia has proposed to allow crypto trading for select investors under an experimental regime.
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