Bank of Russia Proposes Tiered Crypto Access Framework
The Bank of Russia has introduced a phased regulatory proposal to expand cryptocurrency access while maintaining stringent oversight. The plan seeks to balance growing retail and institutional demand for digital assets with financial stability concerns.
Central bank officials emphasized the framework's 'controlled liberalization' approach, contrasting with outright bans seen in other jurisdictions. The proposal includes safeguards against money laundering and market manipulation risks inherent to crypto trading.
Market analysts note the MOVE reflects shifting attitudes among global regulators, with Russia positioning itself as a cautious participant in digital asset adoption. The tiered structure suggests differentiated access levels for retail versus qualified investors.
