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.