.. Russian facilities for investment in cryptocurrencies
Russia is moving towards easing its regulatory restrictions on individual investment in cryptocurrencies by:
Abandoning strict requirements:
Reversing the condition that investors must be "highly qualified" (i.e., possessing substantial assets amounting to millions of dollars) to participate in trading.
Expanding the investor base: This easing, supported by the Ministry of Finance, aims to widen the segment of citizens who can invest legally and orderly in cryptocurrencies within a trial legal framework.
The goal: This change is part of Russia's efforts to regulate the market and bring trading activity from abroad to more transparent local platforms. It should be noted that Russian laws still prohibit the use of cryptocurrencies as a means of local payment.
