The Russian Ministry of Finance proposes to allow operations with Bitcoin to qualified investors on exchanges only, The Cointelegraph reported.
‘It is hard to argue cryptocurrency is not a pyramid scheme,’ the deputy finance minister Alexey Moiseev said in an interview on local television channel Rossiya 24.
“I said qualified investors and not private ones. For ordinary people, there’s no way because these are very dangerous investments that could lead to loss of money.’ he reiterated.
The new plans for regulation of cryptocurrency would mean the Moscow Stock Exchange would constitute the sole platform through which investors could gain exposure to Bitcoin and others.