Bank of Russia Seeks Limit on Amount of Digital Assets Retail Investors Can Buy

Bank of Russia Seeks Limit on Amount of Digital Assets Retail Investors Can Buy


Bank of Russia published several regulation proposals clarifying how it will be regulating the digital assets in the country. Russia has already passed a law about the issuance of digital securities, which includes cryptocurrencies.

Most notable, the Russian central bank wants to limit the amount of digital assets non-qualified investors can buy in a year.

According to the proposal, published by the Bank of Russia on Wednesday, non-qualified investors would be able to buy no more than 600,000 rubles worth of digital assets in one year, or about $7,740. Qualified investors won’t have to abide to this limit. The Bank of Russia expects to get public feedback on the proposal until Oct. 27.

To be considered a qualified investor, one must satisfy one of the following five criteria:

This only applies to the digital assets issued by companies registered with the country’s central bank, not cryptocurrencies.

“This document only touches the digital assets

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