[Russian Central Bank Proposes Ban on Citizens Trading on Foreign Crypto Exchanges Complying with International Sanctions] On May 20, according to Bits.media, Ekaterina Lozgacheva, Director of the Strategic Development Department of the Russian Central Bank, stated that the Russian Central Bank intends to prohibit Russian citizens from trading on crypto exchanges that comply with international sanctions. Russians will only be allowed to trade cryptocurrencies on foreign platforms through Russian brokers, provided that these foreign platforms do not comply with international sanctions. The country's central bank will independently establish standards for foreign platforms that Russian brokers and investors are permitted to use. Lozgacheva noted that even conducting crypto transactions abroad through Russian intermediaries is subject to foreign regulations, posing additional risks. The annual purchase limit for non-professional investors is set at 300,000 rubles, and they can only access the most liquid crypto assets through domestic brokers. Investors must pass a test before trading; qualified investors are not subject to the purchase limit but must also undergo testing. These restrictions will be included in the second reading draft of the "Digital Currency and Digital Rights Law," with the main provisions expected to take effect on July 1.