Shocking! Russia is launching a cryptocurrency exchange, accessible only to 'top investors'! 💥

The Central Bank of Russia and the Ministry of Finance have jointly launched a government-supported cryptocurrency exchange that will provide a restricted trading platform for high-net-worth investors. Only those with assets exceeding $1.2 million or an annual income over $600,000 will be able to participate.

This cryptocurrency exchange represents a significant step for Russia in legalizing the use of digital assets, aiming to legitimize crypto trading through strict eligibility screening and regulatory testing, but it will not lift the domestic payment ban.

Although this exchange is not open to ordinary investors, it marks a new phase for Russia in cryptocurrency regulation. This pilot project is expected to launch in a few months, but strict eligibility requirements and management controls mean that investments in digital assets will still be conducted under strict national oversight.