Ministry of Finance of Russia: Suggest lowering the threshold for access to the pilot project of encryption trading and expanding participants.

According to Mars Finance, citing Russian media RBC and Interfax, Alexey Yakovlev, the head of the Financial Policy Department of the Russian Ministry of Finance, stated that they plan to lower the threshold for obtaining the qualification of 'special qualified' investors in order to expand the participation of entities in organized Crypto Assets trading under the Central Bank's 'experimental legal regime' (ELR). In March of this year, the Russian Central Bank proposed a three-year pilot program, open only to 'special qualified' investors. The current standard requires holding securities and deposits totaling ≥ 100 million rubles (approximately $1.23 million), or an annual income of ≥ 50 million rubles (approximately $615,800); the specific reduction has not been disclosed, with the goal of improving accessibility while ensuring manageable risks.