Russia aims to limit each person’s crypto purchases to $9,000 per year

posted 12 months ago
The Central Bank of Russia wants to set an annual limit for so-called “unqualified investors” that want to purchase digital assets. The bank wants to amend the current draft of a crypto bill “On Digital Financial Assets,” which recently passed a second of three readings in Russia’s parliament, the State Duma.

The head of the State Duma’s committee on financial markets Anatoly Aksakov said the threshold will likely be established at 600,000 rubles (~$9,100) per year. In order to be considered a qualified investor, one needs to obtain a qualification certificate — given they meet the minimum individual investment time requirements — or have at least 2 years of work experience in a company that is considered a qualified investor by the state.
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