Russians to be free to sell their crypto but banned from buying more
Russia’s monetary authority is not going to ban citizens from holding or selling already acquired cryptocurrencies, but intends to limit new purchases in the future.
This was made clear by one of its top executives, who detailed the regulator’s new approach towards the growing market in a broad interview for a leading Russian media outlet.
Moscow is preparing to comprehensively regulate the country’s crypto sector in the coming months, including by introducing a licensing regime for digital asset exchanges and defining who will be granted legal access to decentralized digital assets.
Bank of Russia to keep ordinary Russians away from crypto
The Central Bank of Russia (CBR) plans to expand investor access to cryptocurrencies,…
