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Vladimir Chistyukhin, First Deputy Chairman of the Central Bank of Russia (CBR), has shared crucial details of Russia’s upcoming crypto regulations. The framework is expected to amend key laws related to digital financial assets and the securities market, while potentially prohibiting new digital asset purchases for most investors.
New Crypto Framework Could Ban New Purchases
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On Thursday, Vladimir Chistyukhin told Russian news media outlet RIA Novosti that the Central Bank of Russia, the Ministry of Finance, Rosfinmonitoring, and other federal agencies have been discussing proposals to regulate the crypto market.
The executive affirmed that the new framework will provide rules on how and through whom crypto transactions will be carried out.
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