Russia Plans to Remove High Qualification Restrictions for Crypto Investments

Russian banks are drafting new cryptocurrency regulatory proposals, planning to remove the current restriction that only "highly qualified" investors can participate in the crypto market. They intend to establish a tiered access mechanism to expand the range of legitimate investors. Under current regulations, individual investors must have at least 100 million rubles in bank deposits and securities, and an annual income exceeding 50 million rubles in the past year to obtain "highly qualified" certification.