Russian MPs will develop legislation that will limit the ability of unqualified investors to invest in digital assets
The deputies of the State Duma of the Russian Federation need to prescribe legislative restrictions on investments in cryptocurrencies and digital assets for unqualified investors. Anatoly Aksakov, head of the Duma committee on the financial market, told Interfax about this at the International Conference on the Protection of the Rights of Consumers of Financial Services. According to Aksakov, cryptocurrencies are a new financial instrument and quite difficult for an unskilled investor.
“Digital assets are the topic of our close attention, and here we will look at how to maximally protect our citizens when investing in digital currencies and digital assets,” the deputy said.
In July of this year, the Bank of Russia recommended that Russian stock exchanges not allow financial instruments based on digital assets to trade. Also, the regulator did not recommend including such assets in mutual investment funds.