Russian Central Bank Pushes for Experimental Cryptocurrency Trading Program for High-Value Investors
Summary
- The Russian Central Bank has proposed an experimental program allowing high-value investors to trade virtual assets, according to reports.
- The program is open to individual investors and companies, with eligibility requirements limited to those with investments of at least 100 million rubles or income of at least 50 million rubles.
- The proposal has been submitted to the Russian government and will undergo further discussion in the future.
The Russian Central Bank is pursuing an experimental program that would allow certain investors to trade virtual assets (cryptocurrencies) for a period of three years.
According to The Block on the 12th (local time), the Russian Central Bank has proposed a program that would allow individual investors who meet specific requirements to invest in virtual assets for three years.
The eligibility requirements reportedly include having investments in stocks and deposits of at least 100 million rubles (approximately $11.5 million) or an annual income of at least 50 million rubles in the previous year.
Not only individual investors but also legally qualified companies can participate in the experiment. The proposal has been submitted to the Russian government and will undergo further discussion.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
