Russian Central Bank to Launch Crypto Exchange
The Russian Central Bank and Finance Ministry are collaborating to launch a local cryptocurrency exchange designed specifically for “super-qualified investors.” According to RBC, this exchange will function within an experimental legal framework.
Finance Minister Anton Siluanov announced at a ministry meeting, as reported by Interfax, that the exchange will be launched in partnership with the central bank, aiming to regulate and legalize crypto assets. These operations will occur under the experimental legal regime rather than domestically.
Eligibility for “super-qualified investors” was detailed by Osman Kabaloev, Deputy Director of Russia’s Financial Policy Department. Criteria might include either having at least 100 million rubles (approximately US$1.2 million) in assets or an annual income of 50 million rubles (around US$602,000).
