Russia is ready to abandon the requirement for cryptocurrency investors to have "high qualifications".
BlockBeats News, November 26th. According to Cryptopolitan, Ivan Chebeskov, Deputy Minister of Finance of Russia, revealed that the Russian Ministry of Finance and the Central Bank are planning to abolish strict regulations that currently only allow "highly qualified" investors to participate in the cryptocurrency market. They intend to establish a layered access mechanism to expand the range of legitimate investors. Current regulations require individual investors to hold at least 100 million rubles in bank deposits and securities, and to demonstrate income of over 50 million rubles in the past year to obtain "highly qualified" certification. Chebeskov stated that regulators have reached a basic consensus on easing restrictions and will set differentiated access standards for non-qualified, qualified, and highly qualified investors in the future.
Although the country's central bank still opposes the free circulation of cryptocurrency within its borders, it has gradually relaxed its policies this year: in March, it proposed allowing the use of cryptocurrency for cross-border settlements under an "experimental legal regime," and in May, it approved the opening of cryptocurrency derivatives to highly qualified investors.
You may also like
The payment moment of AI agents: Who will become the Stripe of the machine economy?
Rented Tracks: What is this wave of stablecoin FX hot money really paying for?
Strategy should have said that selling coins is not ruled out
How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy
Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees
Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
Polymarket Underlying Algorithm Explained
What do projects born in the crypto bear market do?
a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong
Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends
The toll station at Hormuz and the RMB that cannot be bought
Interview with Coinbase Institutional's Strategic Head: The Institutionalization of Crypto Reaches a Critical Point
Dialogue with Agora CEO Nick: The battle for stablecoin licenses has just begun
Morning Report | a16z Crypto completes $2.2 billion fundraising for its fifth fund; Bullish invests $4.2 billion to acquire share transfer agency Equiniti; PayPal's Q1 performance exceeds expectations
a16z Crypto: What We See Behind the $2.2 Billion New Fund
Web3 is dead, Web2+3 should rise
Stablecoins and Latin American Remittances: The Misunderstood $174 Billion Market
The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets
The payment moment of AI agents: Who will become the Stripe of the machine economy?
Rented Tracks: What is this wave of stablecoin FX hot money really paying for?
Strategy should have said that selling coins is not ruled out
How MegaETH Achieved a TVL of 700m Within a Week of TGE? Analyzing the Packaging Strategy
Futures Trading Hours: Trade Cryptocurrency 24/7 and Earn Back Up to 45% in Trading Fees
Learn futures trading hours and the best time to trade crypto futures. Discover 24/7 market insights, peak trading sessions, and how to earn back up to 45% in fees.
Why is a16z Crypto raising another $2.2 billion to heavily invest in Web3?
