Russia allows Bitcoin trading for wealthy investors only

larepublica.pe

Russia's Central Bank has introduced a new three-year framework allowing qualified investors to trade Bitcoin and other digital assets. This marks a shift from its previous restrictive policies, but access remains limited to high-net-worth individuals and companies. To qualify, individuals must have investments over 100 million rubles (about $1.15 million) or an annual income exceeding 50 million rubles (around $575,000). Companies must also meet specific criteria. Bitcoin is still not legal tender in Russia, and domestic transactions outside this framework are prohibited. This decision follows Western sanctions related to the Ukraine conflict, as Russia seeks alternative financial options. While the new framework may help diversify access to global markets, Bitcoin's adoption remains tightly controlled within a small group of investors.


With a significance score of 4.2, this news ranks in the top 7% of today's 17344 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.


More on this topic:

    [4.5]
    ARK Invest predicts Bitcoin could rise significantly by 2030 (fool.com)
    1d 11h
    [4.4]
    Putin allows Western investors to sell Russian shares (ft.com)
    2h
    [4.3]
    Bitcoin's market cap reaches $1.6 trillion by 2025 (fool.com)
    11h
    [4.2]
    Russia allows Bitcoin trading for wealthy investors only (larepublica.pe)
    1d 21h
    [4.2]
    U.S. Senate proposes mandatory Bitcoin reserve acquisition (larepublica.pe)
    1d 21h
    [4.2]
    Sweden and Norway encourage citizens to keep cash (pymnts.com)
    22h
    [4.0]
    Foreign investors buy high-yield Chinese bank debt (livemint.com)
    10h
    [3.9]
    Bitcoin reaches $83,693, Russia trades oil with crypto (livemint.com)
    15h
    [3.0]
    Bank of Korea rejects Bitcoin for foreign exchange reserves (zeenews.india.com)
    1d 14h
    [2.6]
    Russian stocks and ruble strengthen amid Ukraine peace talks (newsweek.com)
    5h