BlockBeats News, December 24th, according to CoinDesk, the Bank of Russia has released a proposed framework aimed at allowing retail investors and qualified investors to purchase cryptocurrency through regulated testing and limits by 2027. This marks a continued softening of its stance on cryptocurrency. However, the Bank of Russia still warns that investing in cryptocurrency carries risks, including potential losses.
“These assets are not issued or guaranteed by any jurisdiction and face higher volatility and sanction risks,” the Bank of Russia press release stated. “Investors deciding to invest in crypto assets should realize the risk of potential loss of their funds.”
The Bank of Russia also stated that “digital currency and stablecoins are seen as currency assets; they can be bought and sold but cannot be used for domestic payments.”
