Russia plans to lower the barriers to cryptocurrency investment and expand the scope of legal investors.

According to Odaily Planet Daily, the Russian central bank is drafting a new cryptocurrency regulatory plan that may allow previously ineligible investors to purchase crypto assets.

On November 26, Russian Deputy Finance Minister Ivan Chebeskov revealed that the Russian Ministry of Finance and the Central Bank were planning to abolish the current strict regulations limiting participation in the cryptocurrency market to "highly qualified" investors, and instead 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 qualify for "highly qualified" certification. (Bloomberg)