Finam: 300,000 ruble limit will cut Russians off from crypto trading
- —The limit for non-qualified investors is 300,000 rubles, and enforcing it on orders is nearly impossible
- —Finam and other brokers will not give non-qualified investors access to crypto trading
- —AI-generated certificates of qualified investor status are being sold on Avito
- —The Central Bank in its review called cryptocurrencies a risk to the financial market
Why it matters: The restriction effectively closes retail access to crypto in Russia and pushes demand into the gray zone and toward forged documents.
Source: BitNovosti