The Bank of Russia is considering expanding cryptocurrency access to a broader range of qualified investors, according to Elvira Nabiullina, the bank's head. Currently, only 'super-qualified' investors, defined as those with over RUB 100 million in investments or RUB 50 million in annual income, can directly access cryptocurrencies within Russia's infrastructure. Nabiullina indicated that general crypto market regulation could now be developed outside the experimental legal framework.
First Deputy Governor Vladimir Chistyukhin highlighted the importance of limiting crypto access to mitigate financial and social risks. However, he proposed that access might be extended to regular qualified investors if they pass a special test on understanding crypto risks. This move could potentially broaden the investor base while ensuring informed participation in the crypto market.
Russian Central Bank Mulls Expanding Crypto Access to More Investors
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