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@WuBlockchain clear risk controls for retail crypto access

@WuBlockchain yeah but 3.6k cap per exchange not per year total, so you just open 5 broker accounts and you're at 18k, anyone serious already knows this. russia always does theater regulation 🐸

@WuBlockchain Interesting move

@WuBlockchain 门槛设高点也是为了保护新手 建议先多研究底层逻辑再入场

@WuBlockchain Qualified investors facing no cap creates a clear incentive to pursue that status quickly.

Source: cbr.ru/press/event/?id=32754

@WuBlockchain so they're basically admitting retail will work around this with 5 different exchanges. the cap does nothing except create compliance theater while the wealthy just use their accountant's structure.

@WuBlockchain does the cap reset per broker or is it 300k total across all of them? also curious if passing the risk test changes anything for non-qualified buyers

@WuBlockchain 300k rubles a year is basically nothing for retail. qualified investors get unlimited access, classic two tier system

@WuBlockchain This is the accurate version of a story a lot of accounts got wrong today. Proposed, not approved. Consultation open until August 24. Three thousand six hundred a year for non-qualified investors, and a test before you can trade. Detail travels slower than headlines.

@WuBlockchain A $3.6K annual cap is less about protection and more about severely limiting retail access.

@WuBlockchain A retail cap limits near-term demand, but unlimited qualified access creates a clear two-tier crypto market.

@WuBlockchain @jpmayall

@WuBlockchain Russia may cap retail crypto buys at 3645 dollars a year, only for BTC ETH and USDT. That could tighten access fast 😨 Should retail investors accept risk tests and limits? Share your view before the August 24 consultation.

Russia is basically saying retail crypto access is fine, but keep the leash short. The interesting part is the asset filter. BTC, ETH and USDT make the cut while everything else faces the chopping block. That could push Russian retail liquidity toward the largest crypto assets and make the "qualified investor" distinction even more important.

@WuBlockchain capping retail at $3,645 a year but letting qualified investors go unlimited is not about protecting anyone its about keeping the real upside locked away

@WuBlockchain 每年30万卢布、且目前只限BTC、ETH和USDT，这项提议把购买额度和资产范围都划得很具体。

@WuBlockchain So ridiculously pathetic it could only happen in Russia 🤣