The Central Bank of the Russian Federation has reportedly released a proposal that, if approved, qualified entities would enable Crypto assets to trade.
In a statement, the Central Bank proposes an experiment of three years in which rich investors and certain companies have the Greenlight to buy and sell crypto assets, Reuters reports.
The Central Bank of Russia says that the experiment is designed to stimulate transparency in crypto -trade, but warns that participants can lose money that float in digital assets.
“This is a new status that … citizens will receive if their investments in securities and deposits exceed more than 100 million rubles ($ 1.15 million) or if their income was more than 50 million rubles in the past year ($ 575,000).”
In July 2020, Russia adopted a law that forbade the use of cryptocurrencies such as Bitcoin (BTC) to buy goods and services in the country. But the European giant seems to mitigate its attitude towards digital assets after the US and his allies have laminating sanctions against Russia for the war in Ukraine.
In September the country approved a bill that enabled legal entities and registered entrepreneurs to digital assets. Last year there were also reports that Russia will try to use the National Payment Card System (NSPK) to act rubles and crypto activa in testing payments and the exchange platform.
The NSPK was founded in 2014 and is fully owned by the Central Bank in Russia, but was placed under sanctions in February 2024 by the US Department of Finance.
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