BlockBeats news, December 23, according to Bloomberg, Russian banks are drafting a new cryptocurrency regulatory plan, which may allow previously ineligible investors to purchase crypto assets.
Previously on November 26, Russian Deputy Minister of Finance Ivan Chebeskov revealed that the Ministry of Finance and the central bank are planning to abolish the current strict regulations that limit cryptocurrency market participation to only “highly qualified” investors, 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 obtain “highly qualified” certification.
