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Bank of Russia proposes to allow crypto purchases for select investors

Coin Telegraph LogoCoin Telegraph12h ago

Bank of Russia proposes to allow crypto purchases for select investors - Coin Telegraph

Quick Summary:

On March 12, the Bank of Russia announced a proposal to allow a “limited circle of Russian investors” to buy and sell cryptocurrencies like Bitcoin (BTC).“In accordance with the instructions of the President of Russia, the Bank of Russia has sent proposals to the government for discussion on regulating investments in cryptocurrencies,” the announcement stated.

Retail crypto payments remain strictly bannedWhile considering accepting regulatory changes for crypto investment by rich investors, the Russian central bank reiterated that residents are not allowed to settle payments using cryptocurrency.

The ban on using cryptocurrencies like Bitcoin for payments in Russia was part of the country’s first crypto law, “On Digital Financial Assets,” which came into force in January 2021.

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Article Details

Author / Journalist: Cointelegraph by Helen Partz

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 12:51:30 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 266 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26920172

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 800 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "Bank of Russia proposes to allow crypto purchases for select investors" was covered 12 hours ago by Coin Telegraph, a news publisher based in United States.

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  • News ID: #26920172
  • URL: https://chronographically.beamstart.com/news/bank-of-russia-proposes-to-17417849282377

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