Russia Ramps Up Crypto Infrastructure to Meet Market Demand
TLDR
- Russia is quickly developing its own cryptocurrency infrastructure to meet growing market demands.
- The country is developing an experimental legal framework to facilitate cryptocurrency transactions.
- Deputy Finance Minister Ivan Chebeskov emphasized the need for infrastructure to support crypto activities.
- The Central Bank of Russia has been cautious about decentralized cryptocurrencies, such as Bitcoin.
- Russia’s Finance Ministry is pushing for broader access to crypto for high-net-worth investors.
- The Central Bank of Russia has permitted crypto derivatives for wealthy investors who meet specific qualifications.
Russia is advancing its cryptocurrency infrastructure development to meet the growing demand from the…
