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The Central Bank of Russia has confirmed that it may ease regulations on Crypto Assets.
On December 2, Ivan Chebeskov, the Deputy Minister of Finance of Russia, told local media that the financial authorities are prepared to abandon the exclusive regulatory definitions that previously only allowed a small number of “highly qualified” investors to access Bitcoin and its derivations and other Crypto Assets. The Central Bank of Russia now believes it is “possible” to relax the current regulations that restrict Crypto Assets transactions in sanctioned countries, and the monetary authorities are discussing this matter with the Ministry of Finance. Under the pressure of sanctions, Russian financial regulators are changing their attitude towards Crypto Assets.