Russia plans to open up cryptocurrency investments. The Central Bank of Russia recently announced a proposed regulatory framework for cryptocurrencies, planning to allow retail and qualified investors to participate in cryptocurrency trading by 2027, marking a continued softening of its stance on cryptocurrencies.
According to the framework, investors must pass relevant tests, and trading will have a limit on amounts, with the annual investment limit for retail investors set at approximately $3,800.
The Central Bank emphasizes that cryptocurrencies can be bought and sold, but cannot be used for domestic payments, and there is no judicial jurisdiction issuance guarantee, which carries high volatility and sanction risks. Investors must bear potential losses themselves.
