Russia’s central bank signals shift toward retail crypto access

Russia’s central bank has submitted draft that would allow non-qualified investors to purchase crypto, but only under strict conditions.

The Bank of Russia put forward a policy proposal that would allow non-qualified investors to buy certain cryptocurrencies.

According to a Tuesday announcement, the central bank’s proposal would allow both qualified and non-qualified investors to buy most crypto, but with limitations.

Non-qualified investors would be limited to a yet-to-be-defined set of liquid crypto after passing a knowledge test, capped at 300,000 rubles ($3,834) a year. Qualified investors would gain broad market access excluding privacy coins, also subject to a knowledge test.

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