Blockchain Report on Nostr: The Central Bank of Russia is establishing a "counter-sanction threshold" for ...

The Central Bank of Russia is establishing a "counter-sanction threshold" for cryptocurrency trading, permitting only overseas platforms that do not adhere to international sanctions to be accessed by Russian investors. According to Bits media, new regulations proposed by the Bank of Russia will require foreign cryptocurrency exchanges used by Russian investors through domestic brokers to be non-compliant with international sanctions. Ekaterina Lozgacheva, head of the Bank of Russia's financial market strategy development department, stated that the central bank will develop its own standards for overseas platforms available to Russian brokers and investors, citing that trading through foreign platforms carries additional risks due to extraterritorial regulatory influence. The proposed rules also include an annual cryptocurrency purchase limit of 300,000 rubles for non-professional investors, who will be restricted to accessing only the most liquid crypto assets through Russian brokers. Qualified investors will be exempt from this limit. These restrictions are expected to be incorporated into an updated version of the "Digital Currency and Digital Rights" bill, which is currently undergoing its second reading in the State Duma, with key provisions slated to take effect on July 1.

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