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Bank of Russia Approves 3-Year Crypto Trading Experiment for Wealthy Investors

  • The Bank of Russia has approved a three-year experimental legal regime (ELR) for cryptocurrency trading.
  • The ELR will allow a limited number of high-net-worth investors to engage in cryptocurrency transactions.
  • The initiative aims to balance innovation with strict regulatory oversight and enhance market transparency.
  • The Bank of Russia's cautious approach reflects the recognition of the risks associated with cryptocurrencies.

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