Central Bank Expands Digital Asset Purchase Limits for Individuals in Russia

The Central Bank of Russia has announced a new regulation proposal concerning the purchase of Digital Financial Assets (DFAs). The key update is an increase in the annual purchase limit for individual investors from 600,000 to 1 million rubles, which signifies a significant expansion of access. DFAs are now categorized into three groups: solely for qualified investors, for non-qualified investors within a limit, and unrestricted for all. Non-qualified individuals will see the limit almost doubled, which is a logical step considering growing interest in digital assets. Legal entities have no restrictions, opening broader opportunities for commercial use. However, questions remain about the treatment of individual entrepreneurs and whether the limit applies annually or per holding period, raising concerns about the practicality of the regulation. This development highlights the gradual integration of blockchain, ID, and asset management into the financial ecosystem, emphasizing the need for knowledge and skill to effectively participate.