The Central Bank of Russia intends to restrict individual investors to 300,000 rubles per year while banning anonymous cryptocurrencies such as Monero.
Russia is set to impose a 300,000-ruble (approximately $3,200 USD) annual limit on retail cryptocurrency investments, according to plans by the Central Bank of Russia. The regulator will likely compile a list of the five to ten most traded cryptocurrencies, which will include Bitcoin and Ethereum. Anonymous cryptocurrencies such as Monero will be banned under the proposed measures, reflecting the government's aim to increase transparency in digital asset transactions and limit exposure for retail investors.