Bank of Russia Governor Elvira Nabiullina clarified that Russia’s newly passed cryptocurrency legislation does not create a divide between investor categories and imposes no limits on moving digital assets abroad. Her comments address concerns raised following the approval of Bill No. 1194918-8, which establishes a framework for cryptocurrency regulation.
No Divide Between Investor Categories
Nabiullina rejected suggestions that the new bill introduces unequal treatment for market participants. She stated that both qualified and non-qualified investors are treated consistently under the framework and that the law does not restrict their ability to interact with crypto markets on that basis.
Cross-Border Transfers Remain Unrestricted
The central bank governor emphasized that there are no limitations on withdrawing or transferring cryptocurrency abroad for any investor class. According to Nabiullina, both qualified and non-qualified investors may move digital assets outside Russia without restrictions under the new framework.
Bill No. 1194918-8 Sets Regulatory Framework
Bill No. 1194918-8 establishes a structure for regulating cryptocurrencies in Russia. While specific implementation details were not discussed in Nabiullina’s remarks, her comments indicate that the framework allows cross-border transfers of digital assets by all investor categories. In Russian financial markets, “qualified” and “non-qualified” investor classifications are commonly used to denote different levels of experience and access to financial instruments.