Russia's regulation loosening? Central Bank considering easing restrictions on Crypto Assets investment.

[Block Rhythm] An interesting piece of news has come from Russia.

Russia's Deputy Finance Minister Ivan Chebeskov recently told the media that they plan to adjust the rules. Previously, Russia had very strict regulations on cryptocurrencies, allowing only a select few “highly qualified” investors to touch things like Bitcoin. Now? The central bank's stance has changed, stating that it is “possible” to relax the restrictions on crypto trading.

The Ministry of Finance is meeting privately with the central bank to discuss this matter.

In short, with the pressure of sanctions in place, the Russian financial regulators' attitude towards cryptocurrencies is changing. From previously being highly vigilant, they are now beginning to consider opening up for ordinary investors, and this shift has come quite quickly. After all, the reality is evident; in the face of obstacles in traditional financial channels, the value of digital currencies has become prominent.