In a similar vein to the ‎message earlier this month,‎ Siluanov said in an interview with Rossiya 24, a Russian state TV channel, that ‎cryptocurrencies should be traded only by professional investors.‎ “Professional market participants should work with crypto-currencies, not ordinary people,” he said.

Typically, retail traders are currently offered to trade crypto instruments through Contracts for ‎Differences (CFDs), which allow them to speculate on a change in price of a cryptocurrency ‎such as Bitcoin using leverage.‎

Nevertheless, the lineup of forex brokers that are planning to restrict trading on cryptocurrencies due to ‎overexposure to its one-sided uptrend are growing bigger. Among the latest entries into this ‎group of brokers was Polish FX brokerage XTB.‎

Sources with knowledge of the matter have recently shared with Finance Magnates that a number of brokers are materially reducing their exposure to cryptocurrencies.

The notice comes a few days after reports from Moscow last ‎week indicated that a State Duma committee will ‎submit ‎the draft law on the regulation of cryptocurrencies on ‎December 28, ‎with the new rules are likely to be passed ‎by the end of March 2018. ‎

The latest draft law defines cryptocurrencies as “another property of a special ‎kind”. ‎However, it does not yet describe the rules of taxation or ‎mining activities, which ‎can be considered as “an entrepreneurial activity.” ‎

Earlier this month, Russia’s ‎Deputy Finance Minister Aleksey Moiseev told ‎the state-backed news channel RT ‎that his government, while taking steps ‎to legitimize cryptocurrencies, could ban its ‎mining activities as it looks for ‎more control of the digital asset class instead of ‎loosening its grip.‎

As for the regulation of token sales, also known as ICOs, the bill defines the ‎procedures for crypto fundraisers, and will also impose a registration requirement on ‎those selling the digital assets.‎