Central Bank of Russia Approves Limited Crypto Investments
The Central Bank of Russia plans to ease its strict regulatory approach to cryptocurrencies by allowing certain groups of investors to purchase cryptocurrencies on a limited basis. The decision marks a significant shift in the country’s stance on digital assets.
A New Era Begins with the Experimental Legal Regime (EPR)
The Central Bank of Russia will launch a three-year test period called the Experimental Legal Regime (EPR) in order to bring cryptocurrency investments into a more regulated framework. During this period, investors who meet certain criteria will be able to trade cryptocurrencies in accordance with the conditions set out in the regulatory framework.
The following individuals and institutions will be able to invest under the EPR:
Individual investors: Individuals who have securities and deposits worth at least 100 million rubles or whose annual income exceeds 50 million rubles.
Institutional investors: Financial institutions and large investment companies.
Financial institutions: Special regulatory requirements will be established for companies that want to invest in crypto.
With this new regulation, Russian investors will be able to invest in cash-settled derivatives, crypto-value-linked securities, and digital financial assets without directly owning crypto assets.
Crypto Payment Ban Continues
With this new investment policy, the Central Bank of Russia continues to ban the use of cryptocurrencies as a means of payment in the country. Crypto assets will only be considered as an investment vehicle and will not be able to be used as a direct payment method between individual users.
However, Russia's approach to crypto assets in international trade policies is moving in a different direction. In order to bypass Western sanctions, cryptocurrencies have been allowed to be used in cross-border payments. This means that Russian businesses will be able to trade using digital assets in international trade.
A Turning Point in Russia's Cryptocurrency Strategy
These new regulations mark a significant turning point in Russia's cryptocurrency policy. The Central Bank, which previously took a tough stance on crypto assets, aims to increase market transparency and strengthen investment security by providing a controlled opening for investors.
Highlights:
The Central Bank of Russia will allow only qualified investors to purchase cryptocurrencies.
The Experimental Legal Regime (EPR) will test crypto investments for three years.
Cryptocurrencies are still banned as a payment method in the country.
The use of crypto in international trade has been allowed.
A New Era in the Crypto Market
This new cryptocurrency regulation in Russia offers new investment opportunities, especially for large investors and financial institutions. This development may open an important door for large investors who want to enter the crypto market. However, access is still quite limited for individual investors.
In the upcoming period, how the Central Bank of Russia will manage this experimental regime and shape the regulatory framework will be decisive for the crypto market. Cryptocurrency investors and industry experts will continue to closely follow the effects of these regulations.
Author: Besim Şen