Russian banks are drafting new regulations for cryptocurrency supervision, which will relax investor eligibility requirements.

According to Foresight News , citing Bloomberg, the Russian central bank is drafting new cryptocurrency regulations that may allow previously ineligible investors to purchase crypto assets. Previously, Russian Deputy Finance Minister Ivan Chebeskov revealed that the Ministry of Finance and the central bank are planning to remove the current strict regulations limiting participation in the cryptocurrency market to "highly qualified" investors, and intend to establish a tiered access mechanism to broaden the scope of legitimate investors. Current regulations require individual investors to hold at least 100 million rubles in bank deposits and securities, and to have verifiable income exceeding 50 million rubles in the past year to obtain "highly qualified" certification.