The Russian Central Bank has proposed conducting a cryptocurrency investment pilot for high-net-worth investors.

BlockBeats News, March 12th, according to Coindesk, the Russian bank has submitted a proposal to the government for a controlled experiment, allowing a "limited group of Russian investors" to trade cryptocurrency. According to a central bank statement, the plan will introduce a three-year Experimental Legal Regime (ELR), where "specially qualified" investors will be allowed to engage in cryptocurrency trading.

In order to be considered "specially qualified," individual investors need to have investments exceeding 100 million rubles (1.14 million dollars) or annual income exceeding 50 million rubles (570,000 dollars). Qualified institutional investors can also trade cryptocurrency.

The plan aims to establish standards for crypto-related services and increase market transparency while expanding investment opportunities for "experienced investors willing to take on higher risks."