12.03.2025 17:32
The Central Bank of Russia plans to allow investors with a certain level of assets to engage in cryptocurrency trading. This regulation will only cover high-net-worth individuals, and the bans on cryptocurrency payments will remain in place.
The Central Bank of Russia is taking a new step in cryptocurrency trading by offering investment opportunities in this area to investors with a certain asset level. This offer is part of a broad regulatory package shaped by the directives of the president. The new regulations continue to impose strict bans on the use of cryptocurrencies while targeting only high-net-worth individuals.
The Era of Bitcoin and Cryptocurrency Begins for Russian Investors
The Central Bank of Russia announced plans to launch a new trial process to allow Russian investors with a certain asset level to trade cryptocurrencies.
This initiative will be evaluated within the framework of proposals presented to the government for the regulation of investments in cryptocurrencies, in line with the instructions of the President of Russia. The plan is designed to cover investors with at least $1.1 million in securities and deposits. On the other hand, it has been proposed to impose penal sanctions for cryptocurrency transactions that fall outside this regulation.
Strict rules regarding the use of cryptocurrencies continue in Russia. The central bank reiterated that cryptocurrencies will not be allowed to be used as a means of payment, proposing restrictions on transactions in this area and penalties for violations. These prohibitions, which began with the "Law on Digital Financial Assets" that came into effect in 2021, continue to keep the use of cryptocurrencies under strict control in Russia.