Russia's Central Bank Tightens Cryptocurrency Trading Rules

The Central Bank of Russia has announced its intention to tighten regulations on cryptocurrency trading for its citizens.

According to sources, the bank plans to prohibit Russians from trading on foreign exchanges that adhere to international sanctions. This move aims to prevent potential risks and complications associated with complying with multiple regulatory frameworks.

Russian citizens will be allowed to trade cryptocurrencies abroad through Russian intermediaries, but only if these platforms do not comply with international sanctions.

The Central Bank is set to establish its own standards for foreign platforms that can be used by Russian brokers and investors. This will help ensure that cross-border transactions are conducted in a safe and controlled manner.

In related news, the country's central bank has also introduced new rules governing the purchase of cryptocurrencies by non-professional investors. The annual limit is set at 300,000 rubles, and these investors can only access the most liquid assets through domestic brokers. Qualified investors are exempt from this limit but must undergo testing before trading.