The Bank of Russia is considering a plan to permit cryptocurrency purchases, but only for a limited category of highly experienced investors. This potential policy shift comes under a newly proposed experimental legal framework.
Russia’s central bank seeks to enable crypto purchases specifically for highly qualified investors.
However, within this experimental legal regime, cryptocurrency remains excluded as an acceptable method of payment between residents within Russia.
The Bank of Russia itself announced its considerations to allow crypto purchases for a select group of qualified investors.
This consideration occurs within the context of a new experimental legal regime the bank is developing.
According to a press release from the Bank of Russia, issued Wednesday and published on their official website, they have developed a regulatory approach concerning crypto investments and have submitted these proposals for government review.
This framework, created under President Putin’s direction, would authorize a restricted set of Russian investors to participate in the buying and selling of cryptocurrency assets.
Bank Limits Crypto Access for Qualified Russian Investors
To put this plan into action, authorities plan to establish a special experimental legal regime (EPR), intended to last for a trial period of three years.
The EPR would function as a controlled environment for crypto regulation.
This setup will allow governing bodies to carefully monitor and actively manage potential risks associated with crypto assets.
Eligibility for this program would include individual investors who hold over 100 million rubles in securities and deposits or who have an annual income exceeding 50 million rubles.
They will be able to invest in derivatives, securities, and digital financial assets, which are cash-settled.
These instruments will provide returns that are linked to cryptocurrency values but do not involve direct ownership of crypto assets themselves.
Despite these regulatory developments focused on investment access, the central bank explicitly reiterates its long-held position.
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