Odaily Planet Daily reports that Elvira Nabiullina, Governor of the Central Bank of Russia, stated that Bill No. 1194918-8 distinguishes between qualified and non-qualified investors—a common regulatory practice not limited to the cryptocurrency sector. Elvira Nabiullina explained that the narrower scope available to non-qualified investors is intended to protect them from risks they may not fully understand, through legislative safeguards. She noted that these measures also apply to the crypto ecosystem due to factors such as the high volatility of cryptocurrency markets and the potential for foreign digital assets linked to Russia to be seized. Bill No. 1194918-8 is set to take effect on September 1, coinciding with the launch of the digital ruble. The bill caps cryptocurrency purchases by non-qualified investors at 300,000 rubles (approximately $3,800), with qualified investors allowed up to ten times that amount. Elvira Nabiullina emphasized that Russia’s crypto ecosystem remains open, with no restrictions on the repatriation or transfer of digital assets abroad. She added that investors who receive such assets overseas will no longer be protected under Russian law, and any issues arising must be resolved within foreign legal jurisdictions.
Russia's Central Bank Governor Explains Crypto Purchase Limits for Non-Qualified Investors
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Summary
Russia’s Central Bank Governor Elvira Nabiullina said that Bill 1194918-8 establishes different investment limits for qualified and non-qualified investors, a standard practice in financial regulation. Under the rules, non-qualified investors may spend no more than 300,000 rubles ($3,800) on crypto assets, while qualified investors face a limit ten times higher. The measure aims to mitigate risks from crypto market volatility and potential foreign AML/CFT actions. The law aligns with the rollout of the digital ruble. Russia maintains an open stance toward liquidity and crypto markets, with no restrictions on cross-border transfers; however, investors forfeit local legal protections once their assets are transferred abroad.
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