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The Central Bank of Russia has proposed to strengthen the regulation of the use of Crypto Assets in domestic Settlement.
According to Wu, RBC reported that Elvira Nabiullina, the Governor of the Central Bank of Russia, stated that the central bank proposed to strengthen regulations on the use of Crypto Assets in domestic Settlement, emphasizing that they should not be allowed to infiltrate domestic currency circulation and internal Settlement. At the same time, the central bank is considering allowing some market participants to invest in Crypto Assets domestically, planning to open it only to accredited investors, while ordinary accredited investors may only be able to invest in Crypto Assets derivation.