Anatoly Aksakov, the current chairman of Russia's Duma state's Financial Markets Committee, believes that Moscow should enact new regulations restricting non-accredited investors in order to alleviate the country's poor investment selections.

To deter suspect crypto activity, authorities are considering enacting restrictions banning non-accredited investors' operations. Anatoly made the comments at a Bank of Russia-sponsored consumer protection event.

Reason for limiting non-accredited investors

Using crypto for investment is typically associated with high risk. Anatoly observed that digital currencies are the subject of their focus. Their primary goal is to protect innocent people who make wrong investment decisions due to poor advice. The official added that the cryptocurrency space is still