ChainCatcher reports that, according to Bloomberg, Russian banks are drafting new cryptocurrency regulatory plans, which may allow previously ineligible investors to purchase crypto assets.
Previously, Russian Deputy Finance Minister Ivan Chebeskov disclosed that the Ministry of Finance and the Central Bank are planning to abolish the current strict regulations that only allow “highly qualified” investors to participate in the cryptocurrency market, aiming to establish a tiered access mechanism to expand the scope of legal investors. Current regulations require individual investors to hold at least 100 million rubles in bank deposits and securities, with verifiable income exceeding 50 million rubles in the past year, to qualify as “highly qualified.”
