👀 Adult Games: The Central Bank of Russia🇷🇺 to allow cryptocurrency trading for "qualified persons"
👀 Adult Games: The Central Bank of Russia🇷🇺 to allow cryptocurrency trading for "qualified persons"
The Central Bank of Russia is implementing a three-year experiment in which only a select group of people will be allowed to participate. However, it is important to note that the Central Bank does not yet recognize cryptocurrencies as a form of payment.
➡️ Who are these qualified persons? — They are citizens with high purchasing power. To be eligible, they must have an income of at least 50 million rubles in the previous year and investments and deposits totaling a minimum of 100 million rubles (approximately 11.5 million USD).
➡️ Companies that meet the "legal requirements" will also be able to participate, though these requirements are not yet fully defined. Nevertheless, the Central Bank has promised to create regulatory frameworks for financial organizationsinterested in joining this initiative.
➡️ In the long term, the ability to acquire "riskier" assets (such as cryptocurrencies) will depend on the liquid funds of the National Welfare Fund (NWF). The regulator estimates that these funds should reach a level equivalent to 7-10% of Russia's GDP.
In summary, this is a preliminary step that could open the door to future possibilities in the cryptocurrency market.
#news #Russia #crypto
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