Russia’s finance ministry and central bank are reportedly planning to launch a crypto exchange for qualified investors under an experimental legal regime.
The platform will be aimed at “super-qualified investors,” Finance Minister Anton Siluanov said during a ministry meeting, according to April 23 reports from Russian media group RBC and Russian news agency Interfax.
“Together with the central bank, we will launch a crypto exchange for super-qualified investors. Crypto assets will be legalized, and crypto operations will be brought out of the shadows,” he said in a statement translated from Russian.
“Naturally, this will not happen domestically, but as part of the operations permitted under the experimental legal regime.”
Anton Siluanov (left) said the Kremlin-backed crypto exchange is only for Russian investors who meet certain income and wealth thresholds. Source: Mehmet Simsek
The Russian central bank announced a proposal on