Russia's central bank has proposed a regulatory framework that would permit wealthy individuals to invest in cryptocurrencies, under a new 'experimental' regime for 'specially qualified' investors.

This initiative marks a significant shift in Russia's approach to crypto assets, as the country has slowly relaxed its strong opposition to cryptocurrencies.

The central bank's proposal would allow individuals whose investments exceed 100 million roubles or whose annual income surpasses 50 million roubles to participate in crypto trading.

While the proposal seeks to increase transparency within the cryptocurrency market, it also highlights the risks involved, reminding investors of the potential for financial losses.

The new regime would last for three years, providing a controlled environment for crypto investments. However, cryptocurrencies will still be banned as a form of payment in Russia, maintaining a cautious approach to their full integration into the economy.

This proposal follows a broader trend of easing cryptocurrency restrictions, particularly after a law was passed last year allowing businesses to use crypto in international trade.