Russian central banks are drafting new regulations for cryptocurrency, potentially allowing previously ineligible investors to purchase crypto assets. On November 26, Russian Deputy Finance Minister Ivan Chebeskov revealed that the Ministry of Finance and the central bank are planning to remove the current strict regulations limiting participation in the cryptocurrency market to "highly qualified" investors, and propose establishing a tiered access mechanism to broaden the scope of legitimate investors. Current regulations require individual investors to hold at least 100 million rubles in bank deposits and securities, and to have verifiable income exceeding 50 million rubles in the past year to qualify for "highly qualified" certification. (Bloomberg)