Russia has drafted a standardized knowledge test that investors would have to pass before buying or trading cryptocurrencies on regulated platforms. According to ChainCatcher, citing RBC, the draft standards have been submitted to the Bank of Russia’s Basic Standards Committee, NAUFOR First Deputy Chair Ekaterina Andreeva said.

Brokerages expect to begin offering the test to clients as early as late November, and scores will be recognized across regulated platforms. Under Russia’s crypto regulation law, which began phased implementation in September this year, non-qualified investors who pass the test may trade only highly liquid crypto assets on an approved list.