The Russian financial institution has proposed a restrict on how a lot cryptocurrency consistent with 12 months a retail investor should buy and no more than 1 BTC on the present alternate charge.

In line with a brand new explanatory be aware regarding a just lately handed legislation on cryptocurrency, the rustic’s central financial institution proposes to set limits on an annual funding that may be made by means of buyers who don’t meet the necessities.

The Financial institution of Russia advises that retail buyers must have the ability to make investments not more than 600. Rubles, valued at about $ 7. 800 at nowadays’s alternate charge, consistent with 12 months.

The be aware additionally stipulates that the Financial institution of Russia has positive regulatory competences when it comes to the act of Virtual Monetary Belongings (DFA).

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