Russia plans to relax the investment threshold for digital assets and expand the scope for citizens to legally participate in the cryptocurrency market

According to WRAL News, the Russian Ministry of Finance is actively considering significantly simplifying the access requirements for digital asset investors. The proposed simplifications are expected to expand the range of participants in Russia's experimental legal framework for cryptocurrency trading (ELR) and lower the strict "super qualified" investor high threshold (which requires substantial assets or income, such as an investment amount of 100 million rubles or an annual income of 50 million rubles), allowing more Russian citizens to legally enter the cryptocurrency market.