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Russian Ministry of Finance: Proposes Lowering Entry Threshold for Cryptocurrency Trading Pilot, Expanding Participants
Summary: According to reports from Cryptonews citing Russian media RBC and Interfax, Alexey Yakovlev, Director of the Financial Policy Department of the Russian Ministry of Finance, suggested lowering the threshold for obtaining 'special qualified' investor status to expand the entities participating in organized cryptocurrency trading within the Central Bank's 'experimental legal regime' (ELR) framework. In March ...
According to reports from Cryptonews citing Russian media RBC and Interfax, Alexey Yakovlev, Director of the Financial Policy Department of the Russian Ministry of Finance, suggested lowering the threshold for obtaining 'special qualified' investor status to expand the entities participating in organized cryptocurrency trading within the Central Bank's 'experimental legal regime' (ELR) framework. In March of this year, the Russian Central Bank proposed a three-year pilot program open only to 'special qualified' investors. The current criteria require holding securities and deposits totaling 1 billion rubles (approximately $1.23 million) or having an income of at least 50 million rubles (approximately $615,800) in the previous year; the specific reduction amount has not been disclosed, with the goal being to increase accessibility while maintaining manageable risks.
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Link: Russian Ministry of Finance: Proposes Lowering Entry Threshold for Cryptocurrency Trading Pilot, Expanding Participants [Copy]
