The Russian Ministry of Finance wants to decrease the entry barrier to the encryption market star-news.press/wp

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Tim Alper

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Tim Alper

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Tim Alper is a British journalist and a work feature writer in Cryptonews.com since 2018. He has written for media outlets such as BBC, Guardian, and Chosun Ilbo. He also worked …

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September 4, 2025

The Russian Ministry of Finance says it wants to facilitate citizens to reach the encryption market, which calls for a decrease in the Moscow income threshold for encryption traders.

Russian news means RBC and Interfax I stated that the comments came from Alexei Yakovlev, Director of the Finance Policy Department at the Ministry of Finance.

Yakovlev suggested that in order to “improve the quality” of the Central Bank’s encryption trading pilot, “more participants need to reach the project.”

Russian Ministry of Finance: The encryption pilot needs more participants

The central bank and the ministry were at the heads of Logbars on matters related to encryption for several years. The Ministry has previously pressured more regulations and taxes for exchanges and traders.

But the bank has repeatedly called for a complete ban on the encryption trade and the prohibition of coding platforms.

Last year, President Vladimir Putin ordered the parties to a compromise. Moscow has also started a coding axis that has witnessed symbols such as Bitcoin (BTC) as a payment tool in commercial deals across the border.

Putin also called for parts of the country with the inactive energy reserves to participate actively in coding mining.

Russian encryption pilot

The central bank responded by creating what it calls an experimental legal system (ELR) for encryption traders.

ELR is mainly a sand box for companies that want to use encryption instead of the US dollar in commercial deals.

But it also allows “highly qualified” investors to buy and sell encryption under the supervision of the bank.

Only individuals with great personal wealth were allowed to exchange encryption in ELR.

Traders must carry securities and deposits that are worth more than 100 million rubles (1,231,648 dollars) or prove that their income for the previous year exceeded 50 million rubles (615,753 dollars). But the ministry says this must change.

According to some Russian estimates, the average monthly salaries in the country ranges from $ 700 to slightly more than $ 1,200.

Yakovlev did not specify the Ministry’s desire to reduce the threshold. But he said that “the decline is currently discussed.”

The ministry official hinted that while the ministry is still considering that a kind of threshold should remain in place, it is believed that restricting the arrival of ordinary citizens on ELR is the defeat of the self.

Permanent encryption regulations received

Yakovlev added that ELR’s original plans determine a three -year time, after which the ministry and the bank will create “permanent” regulations for the market.

As such, he said: “We must share a greater number of participants in order to test all the relevant operations.”

He added that restricting the test on a “high -resolution layer” of society will not help ELR to fulfill its intended function.

The Central Bank has long maintained that “unqualified investors should enjoy the utmost protection” highly dangerous “encryption market.

He suggested prohibiting all encryption transactions outside ELR, which led to criminal responsibility for non -compliance.

However, there is evidence that the bank has become increasingly isolated in its position on this issue.

The Moscow Stock Exchange has started providing qualified investors to a set of securities associated with the price of the funds circulating in the exchanging encryption abroad (ETFS).

Some Russian brokers and commercial banks also started exploring similar business means, as well as encryption offers.

Yakovlev added that the Ministry of Finance also wants to use ELR to expand the assets that it can distinguish.

He suggested that exporters can obtain green light to issue metal -related coins in the real world, intellectual “activity” and the rights of companies in limited liability companies.

The ministry official said that Moscow may look forward to smart contract technology that works with a distinctive symbol to enhance investor options.