Russia Seeks to Limit Maximum Amount of Purchased Cryptocurrency

News and Analysis

Russia plans to introduce limitations to the maximum amount of purchased cryptocurrencies.

According to Russia’s deputy minister of finance Alexey Moiseev, the decision was made during yesterday’s meeting with Vladimir Putin. It is not clear, however, which department made such a proposal.

“It’s a new proposal we approved yesterday. We’re working on it, though not too scrupulously. We supported it conceptually, but we’ve yet to determine the amount. We have to look into international practices,” Mr. Moiseev said.

Earlier today, the Russian Ministry of Finance has said it is going to “head and legally regulate” issuance and turnover of cryptocurrencies in the country.

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