The Central Bank of Russia plans to ease restrictions on cryptocurrency investment.

According to Walter Bloomberg, the Central Bank of Russia is developing a regulatory framework for cryptocurrencies that could potentially allow less qualified investors to purchase crypto assets. This comes after Russian Deputy Finance Minister Ivan Chebeskov stated that financial regulators were considering abandoning the definition that only highly qualified investors could access cryptocurrencies like Bitcoin. Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, confirmed that the central bank is discussing the possibility of relaxing rules on the circulation of crypto assets, particularly given current restrictions on cross-border payments, to provide more legal entities and individuals with opportunities to invest in crypto assets.