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Bank of Russia to allow crypto investment via foreign firms: Report
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Russia continues sending mixed signals to the cryptocurrency markets as more reports provide details on the country’s upcoming crypto regulation.
Shortly after Bank of Russia governor Elvira Nabiullina announced the Bank’s intention to prevent the local financial system from using crypto, another executive at the central bank has clarified that crypto investment will remain legal in Russia.
There will be one important condition, however: Russians will only be able to invest in cryptocurrencies like Bitcoin (BTC) through foreign companies, deputy governor Vladimir Chistyukhin said, according to a Dec. 20 report by the state-owned publication TASS.
“Russian citizens and businesses have the right to acquire and hold cryptocurrency, but not
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