Russia’s central bank has proposed new regulations to permit high net-worth individuals to trade cryptocurrencies during a three-year trial period, according to a statement released Wednesday.
The bank specified that it would allow “particularly qualified” investors, defined as those with stock and deposit investments exceeding 100 million rubles (approximately $11.5 million) or an annual income above 50 million rubles (around $5.7 million).
Qualified institutional investors will also be able to participate in the experiment, with the central bank planning to set regulatory requirements based on the risks associated with these assets.
