Russia Limits New Crypto Exchange To Millionaire Investors Only
Russia’s Central Bank and Finance Ministry plan to launch a regulated cryptocurrency exchange limited to “highly qualified investors,” according to a report from state-run news agency Interfax.
The platform will operate under the country’s experimental legal regime (ELR), which allows certain financial innovations to be tested within controlled environments. The move is intended to bring crypto activity into a more transparent and regulated framework.
“This will legalize crypto assets and bring operations out of the shadows,” Russian Finance Minister Anton Siluanov said. He added that the platform will not operate within Russia’s domestic financial system, but rather under the scope of the ELR.
The Central…
