The Central Bank of Russia has announced new cryptocurrency regulations

According to CoinDesk, the Central Bank of Russia has announced a proposed framework aimed at allowing retail and qualified investors to purchase cryptocurrencies under regulated tests and limits by 2027. This marks a continued softening of its stance on cryptocurrencies. However, the Central Bank of Russia still warns that investing in cryptocurrencies carries risks, including potential losses.

"These assets are not issued or guaranteed by any jurisdiction and face higher volatility and sanctions risks," the Central Bank of Russia's press release stated. "Investors should understand that they will bear the risk of potential loss of funds when deciding to invest in crypto assets." The Central Bank of Russia also stated, "Digital currencies and stablecoins are considered monetary assets; they can be bought and sold, but cannot be used for domestic payments."