Russia will limit investments in ICO to $ 9,000
The European government made a revision of laws related to cryptocurrencies, where it included the new regulations for individual accounts
The Russian government announced that it will only allow investments up to nine thousand dollars in any type of ICO project.
With respect to Russian citizens who exceed this limit amount, a recently published report revealed that their action will be considered as non-constitutional.
For some time now, the Russian government has carried out different evaluations to the bills that provide greater flexibility to the regulation of cryptocurrencies within the country.
The new updates proposed the creation of a new limit for the maximum amount of investment for each individual on an annual basis. The report specified: “Private individuals will be allowed to invest through collective financing platforms of up to $ 9,000 per year, and a maximum of $ 1,500 per project.“
These amounts are set aside only for individual investors, with respect to institutional investors the situation is completely different in view of the fact that they are authorized to exceed the nine thousand dollars set by the Russian government.
K. Tovar
Source: Coincrispy
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