Russia Easing Crypto Regulations: Towards Wider Access?

The Bank of Russia is considering a significant change in its stance on cryptocurrency regulation, signaling potential easing of restrictions that currently limit access for Russians. Following an announcement from the Ministry of Finance (Minfin) earlier this year, the Central Bank of Russia (CBR) now suggests that these rules could be modified to allow broader participation in the crypto market. The CBR sees ‘highly qualified’ investor status as restrictive and has expressed the feasibility of eliminating it, paving the way for a more inclusive approach.