Russian Central Bank Governor Nabiullina stated that Act No. 1194918-8 distinguishes between qualified and unqualified investors, aiming to protect unqualified investors from taking on unfamiliar risks. The bill stipulates that the upper limit for non qualified investors to purchase cryptocurrencies is 300000 rubles, approximately 3800 US dollars, and the upper limit for qualified investors is 10 times that. Nabiullina pointed out that the volatility of the cryptocurrency market and the risk of overseas digital asset seizure are the reasons for implementing this measure. Bill 1194918-8 is expected to come into effect on September 1st. Nabiullina stated that the Russian cryptocurrency ecosystem remains open, and there are no restrictions on the repatriation and transfer of digital assets overseas. However, investors who receive assets overseas are not protected by Russian law.
