The Russian central bank’s latest move honestly made me laugh.
They’re limiting ordinary people to buying a maximum of 300,000 rubles a year. So that works out to just over $3,000 worth of buying power annually? And you’re only allowed to buy BTC, ETH, and USDT.
It’s like opening a casino in a special economic zone, handing out a few chips as if everyone’s a thief, then insisting you only bet on blue-chip stocks. They want to shove crypto into a regulatory box and make it play by the rules, but they’re also afraid retail investors will rush in too hard and blow up the market. This is a masterclass in cautiousness.
They’re limiting ordinary people to buying a maximum of 300,000 rubles a year. So that works out to just over $3,000 worth of buying power annually? And you’re only allowed to buy BTC, ETH, and USDT.
It’s like opening a casino in a special economic zone, handing out a few chips as if everyone’s a thief, then insisting you only bet on blue-chip stocks. They want to shove crypto into a regulatory box and make it play by the rules, but they’re also afraid retail investors will rush in too hard and blow up the market. This is a masterclass in cautiousness.
