[2020-10-14]Unqualified investors can buy up to $8K of crypto says Bank of Russi

[malevolent]

https://cointelegraph.com/news/unqualified-investors-can-buy-up-to-8k-of-crypto-says-bank-of-russia

[...] When the Bank of Russia first suggested the 600,000 ruble crypto purchases limit back in 2019, the amount was worth about $9,100. [...]

Looks to me that this is a thinly-veiled form of capital controls to prevent the value of RUB from collapsing.

[bbc.reporter]

As I predicted! I reckon that this is only the beginning. Soon exchanges will have a mandatory KYC process that will require everyone to declare annual income.

The grey markets will be the new places of trade for the cryptospace community hehehe.