Russia is preparing to abandon the requirement for "high qualification" for Crypto Assets investors.

According to Mars Finance news on November 26, Ivan Chebeskov, Deputy Minister of Finance of Russia, revealed that the Ministry of Finance is planning to abolish the strict regulations that currently limit participation in the crypto assets market to only “high-qualified” investors, and intends to establish a hierarchical access mechanism to expand the range of legitimate investors. Current regulations require individual investors to hold at least 100 million rubles in bank deposits and securities, and to have verifiable income exceeding 50 million rubles in the past year to obtain “high-qualified” verification. Chebeskov stated that regulators have reached a basic consensus on easing restrictions, and future differentiated access standards will be set for non-qualified, qualified, and high-qualified investors. Although the Central Bank of the country still opposes the free circulation of crypto assets domestically, policies have gradually eased this year: in March, it proposed allowing cross-border settlements using crypto assets under an “experimental legal framework,” and in May, it approved opening crypto derivation to high-qualified investors.