Russian Central Bank Proposes Crypto Investments for Wealthy Individuals

New Crypto Investment Proposal
The Russian Central Bank has suggested allowing wealthy individuals to invest in cryptocurrencies legally. This marks a shift from the bank’s previous stance, which heavily restricted crypto trading for retail investors due to concerns over financial stability and illicit transactions.

Who Qualifies as Wealthy?
The proposal would limit access to “qualified investors,” a term that usually refers to individuals with significant assets or financial experience. This means ordinary retail traders would still face restrictions.

Russia’s Complicated Crypto Stance
Russia has had a complex relationship with cryptocurrencies, restricting their use as a payment method while exploring the development of its digital ruble. Allowing the wealthy to invest could be a step toward broader regulation.