Russia’s Finance Ministry considers simplifying crypto investor requirements

Russia's Ministry of Finance and the Central Bank are reconsidering their initial proposal to implement a "superqual" status, which would have designated ultra-wealthy investors (those with over 100 million rubles in assets or high income) as the only group permitted to legally trade crypto under the regulated pilot system. Deputy Finance Minister Ivan Chebeskov indicated that this designation was an early concept and is likely to be dropped, although some form of investor differentiation might remain. The Ministry and the Bank of Russia have largely agreed on the updated crypto rules and aim to accelerate their rollout. This move aligns with Russia's broader efforts to support crypto investments, including legalizing Bitcoin for international trade payments and reducing restrictions on banks handling Bitcoin, signaling a less cautious regulatory approach.

(Source：Crypto Briefing)