Draft law requires Russians to pass exams before investing in cryptocurrencies.
The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes.Russian lawmakers are working on a law to fill regulatory gaps in the crypto space. The legislation may introduce special exams forinvestors who want to buy cryptocurrencies with a total annual value exceeding 600,000 rubles .
The bill is expected to hit the floor of the State Duma during the spring session of the lower house of parliament, the deputy noted. Before that, it will be discussed with relevant ministries, law enforcement agencies, and market players. Any amendments will be approved by a working group comprising members of the Duma and representatives of government institutions, including the Central Bank of Russia.
The monetary authority has been at loggerheads with other regulators over its hardline stance on cryptocurrencies. In a recently published
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