Russia's two major stock exchanges have expressed support for the new cryptocurrency regulatory plan, capping annual cryptocurrency investments at 300,000 rubles for ordinary investors.

[Russia's Two Major Stock Exchanges Express Support for New Crypto Regulations; Annual Crypto Investment Cap of 300,000 Rubles for Ordinary Investors] According to Cryptopolitan, the Moscow Exchange (MOEX) and the St. Petersburg Exchange (SPB) have expressed their support for the new cryptocurrency regulations released by the Central Bank of Russia (CBR) and have confirmed that they will launch cryptocurrency trading services after the relevant regulations take effect next year. The new framework plans to allow both ordinary and qualified investors to participate, but ordinary investors will be capped at 300,000 rubles per year in cryptocurrency investment, while qualified investors will have no limit (except for privacy coins). The report states that the Central Bank of Russia has gradually softened its stance on cryptocurrencies over the past year.