The Russian Central Bank has announced new regulations allowing high-net-worth individuals to buy and sell Bitcoin and other digital assets in a three-year test phase.
This marks a shift in Russia’s stance toward crypto, as the country moves away from its 2022 ban on crypto payments and embraces digital assets—potentially as a hedge against Western sanctions.
The March 13 announcement states that only ‘particularly qualified’ investors will have access to crypto markets. To qualify, individuals must:
🔹 Have at least 100 million rubles ($11.5 million) in investments
🔹 Or earn 50 million rubles ($5.7 million) annually
Institutional investors can also participate in the program, with the central bank setting regulatory requirements based on risk levels.
🚨🇷🇺 RUSSIAN CENTRAL BANK TO ALLOW LIMITED #BITCOIN PURCHASES FOR SELECTED INVESTORS pic.twitter.com/f0rVCPj3x5
— Giannis Andreou (@gandreou007) March 13, 2025
Russia’s Bitcoin Adoption: A Strategic Move?
The Russian government has warmed up to crypto in recent years, especially since the start of its war with Ukraine in 2022.
🔸 2023: Russia legalized digital assets for international payments, allowing businesses to bypass sanctions
🔸 Early 2024: Putin signed a law permitting cryptocurrency mining within Russia
🔸 March 2024: Russian Central Bank greenlights Bitcoin trading for elite investors
While the central bank still warns about crypto’s volatility, its cautious acceptance of Bitcoin signals a major shift in Russia’s financial policy.
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