The two major stock exchanges in Russia have expressed support for the new cryptocurrency regulatory scheme, with an annual investment limit of 300,000 rubles for ordinary investors

According to Cryptopolitan, the Moscow Exchange (MOEX) and the St. Petersburg Exchange (SPB) have expressed support for the new cryptocurrency regulatory framework released by the Central Bank of Russia (CBR) and have confirmed that they will launch cryptocurrency trading services after the relevant regulations come into effect next year.

The new framework plans to allow both retail and qualified investors to participate, but retail investors will have an annual investment limit of 300,000 rubles, while qualified investors will have no limit (excluding privacy coins).

Reports indicate that the Central Bank of Russia has gradually softened its stance on cryptocurrencies over the past year.