Ah, the splendid waltz of Russia’s central bank, which has decided that retail and qualified investors alike shall wade into the shimmering waters of crypto assets! A truly delightful spectacle of financial acrobatics awaits us.
In a most eloquent statement, the esteemed Bank of Russia has announced its grandiose design for regulating this digital circus of currency. Bravo! 👏
Lo and behold, the trading of digital currencies and those ever-elusive stablecoins will be given the green light, yet-oh, the irony!-the use of these assets for payments within the motherland remains as forbidden as a cat in a dog show.
“The Bank of Russia still considers cryptocurrencies a high-risk tool… When deciding to invest in crypto assets, investors should be aware that they are taking the risks of potential loss of their funds.” Such a charmingly cautious reminder, isn’t it? One might almost hear the faint echoes of cautionary tales wafting through the air.
As for our dear investors, let us not forget the delightful distinction between the qualified and the unqualified. The latter group will frolic with the most liquid of cryptocurrencies-criteria to be revealed in due time, of course, after they successfully navigate a risk awareness test akin to a game of musical chairs.
They shall be limited to the princely sum of 300,000 rubles (approximately $3,800) per year, all in the hands of one intermediary. Quite the restrictive playground, wouldn’t you agree?
Meanwhile, the illustrious qualified investors can indulge without such petty restrictions, once they pass the aforementioned test. However, they must steer clear of those mysterious anonymous tokens-one cannot have everything, can one?
The citizens of our BRICS jewel will be allowed to procure cryptocurrencies abroad using their foreign accounts, because why not? And they can also transfer previously purchased crypto with a little help from Russian intermediaries abroad, provided they keep the tax service in the loop. Transparency, after all, is the name of the game! 🕵️♂️
The ambitious plan is to finalize this legislative framework by July 1st, 2026-a date that surely dances on the calendar like a ballerina. And by July 1st, 2027, intermediaries dabbling in illegal activities will find themselves with a nice set of liabilities. How delightfully bureaucratic!
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2025-12-25 21:08