Wu said that according to Smart Lab, the Central Bank of the Russian Federation has proposed allowing a limited range of Russian investors to purchase and sell cryptocurrencies. To this end, the Russian central bank plans to establish a three-year "Experimental Legal Regime" (ELR) that allows specific qualified investors to trade cryptocurrencies. The eligibility for participation includes holding securities and deposits of over 100 million rubles, or having an annual income exceeding 50 million rubles. Investment companies that meet the criteria can also join. The Russian central bank emphasized that cryptocurrency is still not considered a means of payment and will prohibit Russian residents from using cryptocurrency for payments outside of ELR. Financial institutions investing in cryptocurrencies must meet specific regulatory requirements, but qualified investors may invest in derivatives and digital financial assets linked to cryptocurrency prices. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39356