The Bank of Russia's proposal for a three-year crypto trading experiment would establish a controlled framework where only wealthy and institutional investors can participate in crypto trading.

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The Bank of Russia's proposal for a three-year crypto trading experiment would establish a controlled framework where only wealthy and institutional investors can participate in crypto trading.

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Under the proposed framework, direct crypto trading will be limited to select investors. However, all qualified investors will have access to derivative financial instruments and securities tied to cryptocurrency values.
The plan would introduce an experimental legal regime (ELR) lasting three years wherein ‘particularly qualified’ investors would be allowed to conduct cryptocurrency transactions, according to a statement from the central bank.

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Crypto news

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