The Russian Central Bank is working on a new encryption regulatory scheme that will relax investor accreditation.

BlockBeats News, December 23rd, according to Bloomberg, a Russian bank is working on a new cryptocurrency regulation plan that may allow previously unqualified investors to purchase crypto assets.

Earlier on November 26th, Russian Deputy Finance Minister Ivan Chebeskov revealed that the Russian Ministry of Finance and the Central Bank are planning to lift the strict regulations that currently only allow "qualified" investors to participate in the cryptocurrency market. They intend to establish a tiered access system to expand the scope of legal investors. The current regulations require individual investors to hold at least 100 million rubles in bank deposits and securities, and demonstrate an income of over 50 million rubles in the past year to obtain "qualified" certification.