🇷🇺 Russia is on the brink of opening up to crypto investments! Following President Putin's directives, the central bank has proposed an experimental regime for cryptocurrency trading, set to last three years. This new framework will cater to "particularly qualified investors," defined as those with over 100 million rubles (about 1.15 million) in deposits or securities. However, this status won't be automatic and must be processed. Qualified companies will be upgraded to this new tier, while financial institutions must adhere to central bank guidelines based on investment risk. The bank will also allow investments in crypto derivatives, paving the way for new opportunities. The San Petersburg Exchange is already gearing up to offer these options! Despite this progress, the Bank of Russia maintains its stance that crypto isn't a valid payment method, enforcing a ban on peer-to-peer transactions. What do you think about Russia's cautious approach to crypto? Let us know your thoughts! 💬