The Bank of Russia will limit the purchase amount of CFA for unqualified investors

The Central Bank of the Russian Federation proposes to limit the amount of digital assets for the purchase by unqualified investors before 600 thousands of rubles a year.

At the end of July, Russian President Vladimir Putin signed
Law on Digital Financial Assets (CFA) and digital currency ", which should enter into force 1 january 2021 of the year. Central Bank of the Russian Federation prepared an instruction, in which it determines the signs of digital assets, which will be available exclusively qualified investors, and assets, available for purchase to any citizens of the Russian Federation.

“A limit is set to acquire an individual, being an unskilled investor, digital financial assets for the total amount 600 thousands of rubles within one year. Limit for acquiring individuals, are unqualified investors, digital rights, including digital financial assets and other digital rights, It is installed within 600 thousands of rubles for digital financial assets and 600 thousands of rubles for other digital rights ", - noted in the document.

The Bank of Russia recently published
Advisory report on the possibilities and prospects of issuing a digital ruble for a wide public discussion.