🔥 Russia launches a regulated crypto exchange for elite investors, dragging digital assets into legality, led by the Finance Ministry and the central bank.
Russian Central Bank and Finance Ministry Aim to Drag Crypto out of the Shadows
Russian Finance Minister Anton Siluanov announced at a recent Ministry of Finance event that the Ministry, in cooperation with the Bank of Russia, is developing a cryptocurrency exchange designed for super-qualified investors, The project aims to move crypto-related activities out of legal ambiguity and into compliance under the country’s experimental legal regime (ELR). Siluanov detailed the initiative’s strategic direction during the event, as translated by Google:
"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."
Osman Kabaloev, Deputy Director of the Financial Policy Department at the Finance Ministry, noted ongoing flexibility in setting access requirements, stating: “Perhaps it will be in this format or these indicators will be somehow adjusted in one direction or another — this is possible. I think there will be a wide range of discussions