The Duma, the Russian legislative body, may impose restrictions on individuals and limit cryptocurrency purchase amounts.

This implication could be included in the draft law related to cryptocurrency regulation, Anatoly Aksakov, the chairman of the State Duma committee for the financial market, said.

He believes that the maximum limit of investments in tokens should not exceed 100 thousand rubles ($1,600). But, according to him, lawmakers also discussed the limit at 600,000 roubles ($10,000).

Aksakov said that it is necessary to legalise and start regulating the cryptocurrency market and Initial Coin Offerings. He also said that ICOs should be regulated as a crowdfunding method.

The Russian lawmaker believes that cryptocurrency exchange operations should be allowed only on licensed platforms.

He also clarified that the market of cryptocurrencies must be legalized in order to protect its participants.

On 5 October, the chairwoman of the Bank of Russia, Elvira Nabiullina, said that the Central Bank stands firmly against the legalization of virtual private currencies in Russia. At the same time, she noted that the regulator is studying the prospects of using blockchain technology.