According to Forbes, the Ministry of Finance proposes to set a maximum amount for investments in cryptocurrency in the amount of 50,000 rubles for unqualified investors. This was told by Deputy Minister of Finance Alexei Moiseev.

To get the status of a qualified investor, it will not be enough just to have 6 million rubles in the account. The requirements will be more stringent than in traditional finance. Today, in order to obtain the status of a qualified investor, a market participant must fulfill one of the requirements: have assets worth at least 6 million rubles on accounts, conduct transactions with securities for at least the same amount over the past four quarters, have a specialized education, work experience in financial companies or a financial market specialist certificate.

Today, February 15, a meeting will be held between Finance Minister Anton Siluanov, Deputy Prime Minister Dmitry Grigorenko and Central Bank Governor Elvira Nabiullina on the topic of cryptocurrency circulation. Last week, the government approved the concept of the Ministry of Finance for the regulation of cryptocurrency in Russia. The ministry proposed dividing cryptocurrency investors into qualified and unqualified, start issuing licenses to crypto exchanges, and introduce the identification of owners of crypto wallets.

We see threats to the well-being of citizens, financial stability, and the financial market in the development of cryptocurrencies. The concept of the Ministry of Finance speaks of the advantages of legalization. We doubt it.

Elvira Nabiullina

bbabo.Net