MOSOCON (Reuters) – The Russian Central Bank proposed to organize some investments in the encrypted currency for wealthy individuals, he said on Wednesday, as it has set plans for “qualified” investors to exchange encryption assets.
The bank gradually mitigated its strong opposition to encrypted currencies, and supported a law last year that allowed companies to use encrypted currencies in international trade, which is part of the efforts made to coordinate Western sanctions imposed against Russia over the conflict in Ukraine.
The central bank’s proposal states that, according to a experimental legal system, some investors and companies will be able to participate in the experience of encryption investment for a period of three years.
“This is a new situation … citizens will get if their investments in securities and deposits exceed 100 million rubles (1.15 million dollars) or if their income during the past year is more than 50 million rubles,” the bank said in a statement.
The bank said that the experiment aims to increase transparency in the cryptocurrency market and remind potential investors of the risks of money loss when the encryption traded.
The bank said that the cryptocurrency will remain banned as a form of payment.
($ 1 = 87.0455 rubles)
(Elena Fabrishnaya and Alexander Maru. Editorial by Mark Potter)
https://media.zenfs.com/en/reuters-finance.com/149f3740ee9dd9a86d8d5459fdcb64fd
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