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Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors – Regulation Bitcoin News

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Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks.

Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency

Deputies in the State Duma, the lower house of Russian parliament, are thinking about introducing certain legal restrictions on the funds non-qualified investors can put into crypto assets. Anatoly Aksakov, chairman of the parliamentary Financial Market Committee, revealed the intention during an international conference on consumer protection for users of financial services, Interfax reported.

Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors
Anatoly Aksakov

Billions of dollars are being spent on the acquisition of cryptocurrency, Aksakov noted in his statement while highlighting the great risks but also the…

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