As I predicted! I reckon that this is only the beginning. Soon exchanges will have a mandatory KYC process that will require everyone to declare annual income.
The grey markets will be the new places of trade for the cryptospace community hehehe.
Topic: [2020-10-14]Unqualified investors can buy up to $8K of crypto says Bank of Russi (Read 48 times)
October 15, 2020, 08:42:10 PM
October 15, 2020, 08:20:35 PM
https://cointelegraph.com/news/unqualified-investors-can-buy-up-to-8k-of-crypto-says-bank-of-russia
Looks to me that this is a thinly-veiled form of capital controls to prevent the value of RUB from collapsing.
Quote
[...] When the Bank of Russia first suggested the 600,000 ruble crypto purchases limit back in 2019, the amount was worth about $9,100. [...]
Looks to me that this is a thinly-veiled form of capital controls to prevent the value of RUB from collapsing.
Jump to: