Russian Central Bank does not plan to restrict citizens’ exit from crypto assets
The Bank of Russia stated it does not intend to impose restrictions on citizens exiting crypto assets. Limitations will only apply to new cryptocurrency purchase transactions, said Vladimir Chistyukhin, the first deputy chairman of the Central Bank, in an interview with RIA Novosti.
This was reported by Russian propaganda media
In March, the Central Bank submitted proposals to the government for regulating investments in crypto assets through a special experimental legal regime (ELR) lasting three years. This approach aims to address all issues related to attracting investments under the new rules that will govern the cryptocurrency market in Russia.
It is expected that implementing this regime will enable proper regulation of the crypto sector without restricting current asset holders.
