Russia Central Bank to launch crypto exchange for “qualified investors”
- Russia’s Central Bank and Finance Ministry to launch a crypto exchange under Experimental Legal Regime (ELR).
- Only individuals with high income or large securities holdings will be accredited.
- The proposed Crypto exchange aims to legalize crypto use without lifting domestic payment bans.
Russia is launching a government-backed crypto exchange for high-networth investors, marking a major step towards legalizing cryptocurrencies trading.
Russia’s Finance Ministry and Central Bank to pilot state crypto exchange under ELR
Russia’s Ministry of Finance and Central Bank will jointly establish a cryptocurrency exchange under the nation’s Experimental Legal Regime (ELR), Finance Minister Anton Siluanov confirmed…
