Russia Considers Easing Bitcoin Regulations, Expanding Investor Access Amid Sanctions Pressure

According to COINOTAG News on December 2, Russia‘s Deputy Finance Minister Ivan Chebeskov signaled that authorities are prepared to drop the exclusive regulatory definition for cryptocurrency, a move that could signal a broader shift in Russia cryptocurrency regulation.

Previously, Russia restricted access to Bitcoin and its derivatives to a small cohort of highly qualified investors, limiting participation in the crypto market.

The central bank now sees the possibility of easing rules that restrict crypto transactions within sanctioned jurisdictions, and is actively discussing options with the Finance Ministry.

Under ongoing sanctions pressure, Russia’s financial regulator appears to be adopting a more accommodative stance toward cryptocurrency.