Russia Moves to Broaden Crypto Access by Dropping Wealth-Based Restrictions
Russian authorities are dismantling barriers to cryptocurrency investment by scrapping the 'superqual' classification that previously limited legal digital asset trading to ultra-high-net-worth individuals. The Ministry of Finance confirmed the policy shift, signaling a strategic pivot toward mass adoption as inflation and payment system evolution increase crypto's appeal.
Regulatory consensus between Russia's historically divided Ministry of Finance and Central Bank has emerged, with both institutions now aligned on Core oversight principles. Deputy Finance Minister Ivan Chebeskov emphasized the reforms prioritize market expansion over exclusivity, marking a departure from the initial framework that required 100 million rubles in assets for participation.
