Russia aims to limit crypto purchases by non-accredited investors
The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, argued that Russia needs to adopt new laws to protect retail investors from the potential losses of investing in crypto, local news agency Interfax reported on Wednesday. To this end, lawmakers in the country’s parliament are reportedly considering new legislation to limit cryptocurrency investments by non-accredited investors, he stated.The official delivered his remarks during a Bank of....
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Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely to affect peer-to-peer and over-the-counter trading platforms. Central Bank of Russia Skeptical of Cryptocurrency Investments Bank of Russia remains skeptical about the acquisition of cryptocurrencies and will not support increasing access to crypto markets for Russian investors, most of whom are not....
A recent report has shared that Pro-Russia and Iran groups are turning to crypto to fund purchases of commercially available drones and related components, as the products become central to modern conflict. Related Reading: Is Wall Street Really Buying XRP Or Are They Waiting For Something Else To Happen? Crypto-Funded Drone Purchases Linked To Russia, […]
A new survey revealed the latest trend among accredited investors in the United States, targeting the decentralized finance (defi) sphere. The study shows that a vast majority of them are likely to invest in defi this year. 70% of the Respondents Already Invested in Bitcoin According to Xangle, who surveyed 379 accredited investors, 67% of them have some knowledge about defi. Overall, such respondents claimed to have developed a significant interest in the cryptocurrency industry over the past year. But the higher interest goes beyond the respondents, as 72.2% of them stated they were....
Accredited investor laws are the bane of many in the crypto industry, who see them as preventing small investors from accessing big opportunities. When Celsius was recently forced to cut off access to U.S. citizens who were not accredited investors, many cried foul.Did it help some users avoid the current crisis? Or do accredited investor laws go too far in saving users from themselves and from profits, too? Two weeks ago, as speculation about Celsius solvency began to mount, users started experiencing trouble withdrawing money from their accounts. Though Celsius CEO and founder Alex....
Russia’s central bank wants to limit the amount of cryptos and digital rights acquired by non-professional investors. The central bank of Russia proposed to set limits on annual cryptocurrency investments by non-professional investors.The Bank of Russia suggested that unqualified investors in Russia should not be allowed to invest more than 600,000 Russian rubles ($7,800) in digital assets per year.The authority laid out the new proposal in an explanatory note referring to Russia’s newly passed crypto law, “On Digital Financial Assets,” or DFA. The official statement stipulates that the....