Russia is set to relax its stringent requirements for cryptocurrency investors, according to Deputy Finance Minister Ivan Chebeskov. The Ministry of Finance and the Central Bank plan to abolish the current "high qualification" criteria, which demand investors hold at least 100 million rubles in assets and have a verifiable income exceeding 50 million rubles annually. Instead, a tiered access system will be introduced, allowing broader participation in the crypto market.
Despite the Central Bank's ongoing opposition to the free circulation of cryptocurrencies, it has shown a willingness to ease certain restrictions. Earlier this year, it proposed using cryptocurrencies for cross-border settlements and approved crypto derivatives for highly qualified investors. These moves indicate a shift towards more inclusive crypto investment policies in Russia.
Russia to Ease Cryptocurrency Investment Restrictions
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