Bank of Russia To Allow Investors Buy Bitcoin and Crypto
Russia is willing to transform its approach to cryptocurrencies. According to the Bank of Russia, investors would be afforded a chance to acquire Bitcoin and other crypto-assets legally in a new regulatory regime.
Russia Permits Crypto Trading, Prohibits Payment
The project establishes a regulated structure of trading in crypto in Russia without exceptionally strict guidelines. Cryptocurrencies would also be accessible to both qualified and unqualified investors. This shift follows Russia’s Sberbank crypto custody expansion, signifying growing institutional involvement
However, the investor groups would have different rules and restrictions. According to the central bank, digital currencies and stablecoins are considered as…
