According to proposed regulations, the government wants to restrict Russian traders to local crypto exchanges and also only allow “qualified” investors – e.g., those with a degree in economics and a certificate from the government – to trade Bitcoin and other cryptocurrencies.
WTF?!?!?!?!?!? With that kind of regulation they are exactly doing the exact opposite of what other countries are doing where they allow their citizens to trade and try to limit money from their financial institutions coming in. Why the hell do you need a degree in economics for before you trade legally when we all know most of the economists out here are close minded when it comes to the crypto market itself. They are setting the motion backwards here and I doubt that there is really a big threat in their country to do such thing.
I guess their logic is that trading is a zero-sum game and that uneducated people will generally lose their money with it, so the government should protect them. They also distrust Bitcoin and cryptocurrencies, because they generally very suspicious of every technology that didn't originate from Russia, as they think there's a risk that it comes from the Western security services and they've put some backdoors into it.
