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Bank of Russia proposes to allow limited crypto investments

The Bank of Russia aims to create an experimental legal framework for cryptocurrency trading. It stresses that while investments may be permitted, all crypto payments by residents are banned. Penalties are to be imposed for unauthorized transactions.

Investors interested in participating must have a minimum of 1,000,000 USD in financial assets. This proposal reflects an effort to regulate the crypto market, emphasizing safety and transparency while maintaining strict controls on payment methods.

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