Last week, Russian Deputy Finance Minister Ivan Chebeskov said financial regulators were ready to drop an exclusive regulatory definition that allowed only a small number of "highly qualified" investors to access decentralized digital currencies such as bitcoin and their derivatives, according to market sources.
Vladimir Chistyukhin, the first deputy governor of the Bank of Russia, confirmed to reporters: "Indeed, our colleagues in the Ministry of Finance correctly pointed out that we are discussing the feasibility of using the term'highly qualified 'in the new cryptocurrency regulations." In an interview on Monday, he made it clear that the Bank of Russia now sees "a good chance" of easing regulations, adding: "In addition to targeting this extremely narrow group of investors, the rules on the circulation of cryptoassets should also be relaxed, especially considering the current restrictions on Russian legal and natural persons using conventional currencies for foreign payments."
The Russian Central Bank has confirmed that Russia may ease cryptocurrency regulations
2025-12-02 10:04:13
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