"Russia Plans to Partially Allow Cryptocurrency Trading for High-Net-Worth Individuals"
JH Kim
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Summary
- The Russian central bank will experimentally allow limited cryptocurrency trading for high-net-worth individuals for 3 years, according to reports.
- The possibility of establishing regulated exchanges in the future is also under consideration, they stated.
- Allowing mutual funds to invest in cryptocurrencies is also being discussed, according to the report.
According to BeInCrypto, a cryptocurrency specialized media outlet, on the 12th (local time), the Russian central bank appears to be planning to allow limited cryptocurrency trading for high-net-worth individuals.
According to the media, this will be implemented experimentally for 3 years, with the possibility of establishing regulated exchanges under consideration for the future. Additionally, allowing mutual funds to invest in cryptocurrencies is also being discussed.
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