"The Bank of Russia has set out a new framework to regulate cryptocurrencies, proposing tiered access that would allow everyday investors to buy digital assets alongside professional market participants, while maintaining tight controls on risk and usage. In a concept paper released Tuesday and submitted to the government for review, the central bank said both qualified and non-qualified investors would be permitted to acquire crypto assets, but under different rules, limits and testing requirements."
"The move marks another step in Russia's gradual shift toward accommodating digital assets as sanctions reshape financial flows and market infrastructure. Earlier this year, the Bank of Russia moved to allow domestic banks to conduct limited crypto operations under strict oversight. First Deputy Chairman Vladimir Chistyukhin said the central bank, while maintaining a conservative stance on assets like bitcoin, no longer sees a justification for fully excluding banks from such activity."
"So with that said, the current proposal maintains the central bank's long-standing caution toward cryptocurrencies, which it continues to classify as high-risk instruments. The Bank of Russia warned that crypto assets are not issued or guaranteed by any jurisdiction, are subject to sharp price swings, and carry elevated sanctions and operational risks. Investors, it said, must fully accept the possibility of losing their funds."
The Bank of Russia proposes a regulatory framework that permits both qualified and non-qualified investors to acquire crypto assets under differentiated rules, limits and testing requirements. The framework aims to grant tiered access so everyday investors can buy digital assets while preserving strict controls on risk and usage. Earlier steps allowed domestic banks to perform limited crypto operations under oversight, reflecting a gradual shift as sanctions reshape financial flows and market infrastructure. The central bank maintains a conservative view of cryptocurrencies, classifying them as high-risk instruments and warning of no jurisdictional guarantees, sharp price swings, and elevated sanctions and operational risks.
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