Bank of Russia to Permit Limited Bitcoin Purchases for Select Investors in Three-Year Framework

The Bank of Russia has announced plans to permit limited cryptocurrency purchases, including Bitcoin, for a select group of investors. This move comes as part of a proposed three-year experimental legal regime (ELR) aimed at regulating investments in cryptocurrencies.

The initiative, which has been sent to the Russian government for discussion, would also allow financial organizations to invest in crypto.

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