Russia to Expand Crypto Access: Tiered Regulations to Allow More Investors in Crypto Assets

COINOTAG News, citing Bloomberg, reports that a Russian bank is examining a new Russian cryptocurrency regulation plan that could broaden access to crypto assets beyond the current qualified investors pool.

The proposal envisions a tiered access system to expand legal investor participation while preserving safeguards, signaling a potential shift in the Russian cryptocurrency regulation framework.

Deputy Finance Minister Ivan Chebeskov said the Ministry of Finance and the Central Bank are weighing the removal of current limits that reserve crypto market access for non-retail players, which require about 100 million rubles in deposits and over 50 million rubles in annual income.