Russia’s Central Bank Confirms It May Loosen Cryptocurrency Regulations

According to Foresight News, cryptopolita reported that Russian Deputy Finance Minister Ivan Chebeskov told local media that financial authorities are ready to abandon exclusive regulatory definitions. Russia has previously only allowed a small group of "extremely qualified" investors to have access to cryptocurrencies such as Bitcoin and its derivatives. Russia’s central bank now considers it “possible” to relax regulations that currently restrict cryptocurrency trading in the sanctioned country, with the monetary authority in discussions with the finance ministry on the matter. Under pressure from sanctions, Russian financial regulators are changing their stance on cryptocurrencies.
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