Russian central bank proposes wealthy individuals be allowed to invest in crypto

Reuters

Wed, Mar 12, 2025, 8:06 AM 1 min read

MOSCOW (Reuters) - Russia's cardinal slope has projected regulating definite cryptocurrency investments for affluent individuals, it said connected Wednesday, outlining plans for "specially qualified" investors to commercialized crypto assets.

The slope has gradually softened its beardown absorption to cryptocurrencies, backing a instrumentality past twelvemonth that allowed businesses to usage cryptocurrencies successful planetary trade, portion of efforts to skirt Western sanctions imposed against Russia implicit the struggle successful Ukraine.

The cardinal bank's connection states that, nether an experimental ineligible regime, definite investors and companies would beryllium capable to instrumentality portion successful a three-year crypto-investing experiment.

"This is simply a caller presumption that ... citizens volition person if their investments successful securities and deposits transcend 100 cardinal roubles ($1.15 million) oregon if their income implicit the past twelvemonth was much than 50 cardinal roubles," the slope said successful a statement.

The slope said the experimentation was aimed astatine expanding transparency of the cryptocurrency marketplace and reminded imaginable investors of the risks of losing funds erstwhile trading crypto.

Cryptocurrency volition inactive beryllium banned arsenic a signifier of payment, the slope said.

($1 = 87.0455 roubles)

(Reporting by Elena Fabrichnaya and Alexander Marrow. Editing by Mark Potter)