The Central Bank of Russia is aiming to limit cryptocurrency transactions to qualified investors. According to the announcement from the Central Bank of Russia, following President Vladimir Putin’s directive, various recommendations have been proposed to the government regarding the regulation of cryptocurrencies. The proposal suggests that a limited number of investors in Russia should be allowed to engage in cryptocurrency buying and selling, with a three-year trial period being initiated in this direction. Qualified investors eligible to conduct cryptocurrency transactions must have assets exceeding 100 million rubles (approximately 1.1 million dollars) in securities and deposits, and it is also planned to allow companies defined as qualified investors to participate in the trial period. The statement emphasizes that the Central Bank of Russia does not view cryptocurrencies as a means of payment, and it suggests that individuals outside the trial period should be prohibited from making payments with cryptocurrencies as well. In August 2024, President Vladimir Putin signed a decree legalizing the experimental use of cryptocurrencies in international payments and Forex transactions.