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Russia seeks broader access opportunities to cryptocurrency for investors as its adoption ranking falls.
The Russian Ministry of Finance (Minfin) is proposing to relax requirements to make it easier for citizens to access the legal crypto market, which is currently only available to “high-end professional investors” with very high criteria: owning securities and deposits of over 100 million rubles (1.2 million USD) or an annual income of over 50 million rubles (600,000 USD). Official Alexey Yakovlev stated that this threshold may be adjusted downwards to expand the number of investors participating within the framework of the “pilot legal regime” (ELR).
Meanwhile, the Central Bank of Russia (CBR) still opposes allowing cryptocurrencies to circulate freely or be used as a means of payment, only permitting their use in cross-border transactions. Currently, Russians hold over 25 billion USD in cryptocurrencies, but mainly through international exchanges. According to Chainalysis, Russia has fallen to 10th place globally in terms of cryptocurrency adoption in 2025.