Russia Gets Serious About Crypto, Plans State Exchange Rollout
Russian authorities intend to launch a cryptocurrency exchange for the country’s highest-net-worth investors only, a change of direction for the country in handling digital assets.
Central Bank Relaxes Stance On Digital Currency Market
Finance Minister Anton Siluanov announced in a ministry board meeting that his ministry will cooperate with the Central Bank of Russia to open a cryptocurrency trading platform. This exchange will have an experimental legal framework and cater to only “highly qualified investors.” Siluanov explained that this is meant to “legalize crypto assets and bring crypto operations out of the shadows.”
The announcement represents a significant shift in Central Bank policy, which has long opposed the…
