Recently, Alexey Yakovlev, the head of the Financial Policy Department of the Russian Ministry of Finance, announced an important decision aimed at expanding the scope of participants in Crypto Assets trading. The decision plans to drop the qualification threshold for "special qualified" investors, which will undoubtedly bring new vitality to the Russian Crypto Assets market.
The background of this policy adjustment can be traced back to March of this year, when the Central Bank of Russia launched a three-year pilot project for Crypto Assets trading. For risk management reasons, the project was initially open only to "special qualified" investors. However, the current admission standards are quite strict, and investors must meet one of the following two conditions: either hold securities and deposits totaling no less than 100 million rubles (approximately 1.23 million USD), or have an individual income of at least 50 million rubles (approximately 615,800 USD) in the previous year.
Yakovlev's statement shows that the Russian government is actively exploring how to further open up Crypto Assets trading while ensuring market stability. Dropping the entry barriers can not only attract more investors to participate but may also promote the development and innovation of the Crypto Assets market.
However, this initiative has also raised some questions: how to ensure that risks are controllable while expanding the scope of participation? How will the new threshold standards be established? These issues need to be carefully considered by Russian regulators in future policymaking.
With the rapid development of the global Crypto Assets market, this move by Russia also reflects its determination to seek a competitive advantage in the digital finance sector. This policy adjustment may have far-reaching effects on the Russian and even global Crypto Assets market, warranting ongoing attention.
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CryptoTarotReader
· 11h ago
Even if the threshold is lower, you still can't get in.
View OriginalReply0
GasFeeBarbecue
· 17h ago
Yay, it's finally starting to roll up!
View OriginalReply0
MetaMisfit
· 09-06 08:17
What's the use, it's still retail investors catching a falling knife.
View OriginalReply0
YieldHunter
· 09-05 01:50
technically speaking... quite a risky ponzi setup
Reply0
defi_detective
· 09-05 01:49
You should have said the threshold would be lowered earlier!
View OriginalReply0
GasWaster
· 09-05 01:47
gas efficiency nerd who just blew 2 eth on failed txs... fml
Reply0
RiddleMaster
· 09-05 01:47
If you can't play with rubles, then don't play.
View OriginalReply0
GateUser-7b078580
· 09-05 01:46
Although expanding access, the bubble will burst even bigger.
Recently, Alexey Yakovlev, the head of the Financial Policy Department of the Russian Ministry of Finance, announced an important decision aimed at expanding the scope of participants in Crypto Assets trading. The decision plans to drop the qualification threshold for "special qualified" investors, which will undoubtedly bring new vitality to the Russian Crypto Assets market.
The background of this policy adjustment can be traced back to March of this year, when the Central Bank of Russia launched a three-year pilot project for Crypto Assets trading. For risk management reasons, the project was initially open only to "special qualified" investors. However, the current admission standards are quite strict, and investors must meet one of the following two conditions: either hold securities and deposits totaling no less than 100 million rubles (approximately 1.23 million USD), or have an individual income of at least 50 million rubles (approximately 615,800 USD) in the previous year.
Yakovlev's statement shows that the Russian government is actively exploring how to further open up Crypto Assets trading while ensuring market stability. Dropping the entry barriers can not only attract more investors to participate but may also promote the development and innovation of the Crypto Assets market.
However, this initiative has also raised some questions: how to ensure that risks are controllable while expanding the scope of participation? How will the new threshold standards be established? These issues need to be carefully considered by Russian regulators in future policymaking.
With the rapid development of the global Crypto Assets market, this move by Russia also reflects its determination to seek a competitive advantage in the digital finance sector. This policy adjustment may have far-reaching effects on the Russian and even global Crypto Assets market, warranting ongoing attention.