The Central Bank of Russia has confirmed that Russia may relax regulations on cryptocurrencies.

Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, confirmed to reporters: "Indeed, our colleagues in the Ministry of Finance have correctly pointed out that we are discussing the feasibility of using the term 'highly qualified' in the new cryptocurrency regulations." In an interview on Monday, he stated explicitly that the Central Bank of Russia now believes it is "very likely" to relax regulations, adding: "In addition to targeting this extremely narrow investor group, the rules governing the circulation of crypto assets should also be relaxed, especially considering the current restrictions on Russian legal entities and individuals using conventional currencies for overseas payments."