How do you see Russian's capping unexperienced traders to invest $3800 only

[Dictator69]

Aksakov said the legislation would give so-called unqualified investors, such as retail traders, limited access to crypto, capped at 300,000 rubles ($3,800).

He added that “professional participants” who can pass income and knowledge or education criteria would be able to trade in crypto “without restrictions.”

https://cointelegraph.com/news/russia-bill-open-crypto-aims-common-occurrence-report

They are allowing their inexperienced citizens to only invest $3800 in cryptocurrency unless they prove that they know what they are doing, and they have the crypto trading or investing knowledge. From one point, I am seeing it as a good step because they don't want their citizens to lose money on cryptocurrency, so they are giving them a cap to invest.

On the other hand, it can be taken as state overreaching into the personal finances of a citizen. I wonder if they do it for stock or other trading as well.

How do you see this step from the trading point of view? Is it good?

[freedomgo]

It definitely has a basis. They wouldn’t come up with a policy like that to limit newbies if they weren’t already seeing reports of beginners losing money in crypto investing or trading. From how I see it, they’re just trying to minimize risk, and if that’s for the good of the majority, then it’s a reasonable move.

And based on the news, professional traders won’t have those limits anyway.
So overall, it looks like a good bill.

https://www.tradingview.com/news/cointelegraph:97f83ab95094b:0-russia-plans-limited-crypto-access-for-retail-investors-lawmaker-says/

He added that “professional participants” who can pass income and knowledge or education criteria would be able to trade in crypto “without restrictions.”

[davis196]

How do you see this step from the trading point of view? Is it good?

Honestly, I don't care, because I'm not Russian and I don't think that such regulations would ever be imposed in other countries.
I can see the reasons behind such regulation, but I wonder how the Russian authorities are going to examine the level of crypto knowledge and experience of the crypto exchange traders. Taking a certain kind of "crypto test" seems like the most obvious option, but the answers of such tests can be leaked and published online. Such regulation can only make more Russian crypto traders to leave the Russian cryptocurrency exchanges and open accounts in foreign crypto trading platforms.