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The Central Bank proposed to limit the purchase of cryptocurrencies for ordinary Russians | Source: Alexander

The Bank of Russia has put forward an initiative to introduce restrictions on the purchase of cryptocurrencies for non-qualified investors. This was stated in an interview with RIA Novosti by the first deputy chairman of the Central Bank, Vladimir Chistyukhin. At the same time, the regulator is ready to allow qualified investors who have passed special testing to enter the cryptocurrency market.

According to Chistyukhin, the test will include "questions on understanding how cryptocurrency works. He is confident that qualified investors will find it easy to answer them and obtain the necessary status.

What will remain unchanged:

There will be no restrictions on the storage and sale of already purchased crypto assets;

Owners who obtain the status of "unable to conduct operations with crypto assets" will be able to continue storing their assets, sell them, or exchange them for fiat currencies.

"There will be no restrictions on exiting crypto assets — neither in terms of time nor volume. Only new purchases will be restricted," explained the first deputy chairman of the Central Bank.