Russia Plans Crypto Exchange for Super-Qualified Investors
TLDR
- Russia plans a state-run crypto exchange.
- Only wealthy investors can use it.
- Others get access via crypto derivatives.
- Aim: regulate and legalize crypto use.
- Rules may change; opinions are mixed.
Russia’s Ministry of Finance and the Central Bank have announced plans to jointly launch a government-backed cryptocurrency exchange designed exclusively for super-qualified investors. The initiative will operate within the framework of an Experimental Legal Regime (ELR), which allows selected financial innovations to be tested under specific regulatory conditions. The exchange is not intended to function within Russia’s domestic financial infrastructure but will enable the legal circulation of crypto assets for certain…
