🪆 Russia’s central bank and #finance ministry are launching a state-run crypto exchange, but only for qualified investors.

Sure, it’s not exactly the spirit of decentralization. But it’s a shift: from banning crypto to building infrastructure for it.

Just don’t get too excited. A “qualified investor” usually means completing full Know Your Customer (KYC) checks, having a large capital base, and exercising tight control.

It’s adoption on a short leash.