Bank of Russia proposes to allow crypto purchases for select investors

Russia plans a three-year crypto investment trial for select investors under a new experimental legal regime to regulate digital currencies and market transparency.

The Russian central bank is considering a new experimental regime to legally authorize select Russian investors to trade cryptocurrencies.

On March 12, the Bank of Russia announced a proposal to allow a “limited circle of Russian investors” to buy and sell cryptocurrencies like Bitcoin (BTC).

“In accordance with the instructions of the President of Russia, the Bank of Russia has sent proposals to the government for discussion on regulating investments in cryptocurrencies,” the announcement stated.

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