Bank of Russia Seeks Limit on Amount of Digital Assets Retail Investors Can Buy
Non-qualified investors would be able to buy no more than 600,000 rubles worth of digital assets in one year, or about $7,740.
Russian banks and financial brokers are worried the digital ruble will be a burden for them.
Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.
A Russian cryptocurrency and blockchain association warns the Bank of Russia against centralizing the digital ruble.
Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said.