The Central Bank of Russia aims to limit cryptocurrency transactions to qualified investors. According to a statement from the Central Bank of Russia, various proposals for regulating cryptocurrencies have been presented to the government in line with a directive from Russian President Vladimir Putin. The suggestion is to allow a limited number of investors in Russia to buy and sell cryptocurrencies, with a three-year trial period initiated in this regard. Investors eligible to engage in cryptocurrency transactions must have assets in the form of securities and deposits exceeding 100 million rubles (approximately $1.1 million), and qualified companies are also planned to participate in the trial period. The statement emphasizes that the Central Bank of Russia does not view cryptocurrencies as a means of payment and suggests that individuals outside the trial period should be prohibited from making payments with cryptocurrencies. In August 2024, Russian President Vladimir Putin’s decree made it legal for cryptocurrencies to be experimentally used in international payments and Forex transactions.