TechFlame News — Russian Central Bank Governor Elvira Nabiullina stated that Bill No. 1194918-8 distinguishes between qualified and non-qualified investors, a practice not exclusive to the cryptocurrency sector but a common arrangement in regulation. Elvira Nabiullina explained that non-qualified investors have fewer investment options because the government aims to protect them from taking on risks they may not fully understand through legislation. She pointed out that these measures also extend to the crypto ecosystem, citing the volatility of the crypto market and the risk that digital assets abroad may be seized due to their ties to Russia. Bill No. 1194918-8 is expected to take effect on September 1, coinciding with the launch of the digital ruble. The bill sets a cap of 300,000 rubles (approximately $3,800) on cryptocurrency purchases by non-qualified investors, while qualified investors face a limit ten times higher. Elvira Nabiullina noted that Russia's crypto ecosystem remains open, with no restrictions on repatriating or transferring digital assets abroad. She added that investors holding assets abroad will not be protected by Russian law, and any issues that arise must be resolved within the jurisdiction of the foreign country.