According to PANews, the Ministry of Finance of Russia and the Central Bank are preparing to establish a cryptocurrency exchange platform aimed at high-net-worth investors. This initiative is part of an experimental legal regime designed to ensure regulatory compliance. Participants must possess assets exceeding 120 million rubles or have annual income exceeding 50 million rubles. The plan seeks to legalize cryptocurrency trading and improve market transparency, but it will be limited to foreign trade settlements and will not apply to domestic payments. The pilot phase of these transactions is expected to start in six months.
