Russia will launch a cryptocurrency exchange for qualified investors

ChainCatcher news, the Central Bank of Russia and the Ministry of Finance will establish a cryptocurrency exchange for "high-qualified investors," which will operate "as part of a trial legal mechanism allowed." Finance Minister Anton Siluanov stated, "This will legalize crypto assets and bring crypto operations out of the shadows."

Reportedly, this mechanism applies to individuals who have "invested more than 100 million rubles in securities and deposits, or had an income exceeding 50 million rubles in the previous year." The Central Bank stated that this move aims to "increase the transparency of the cryptocurrency market, establish service standards, and expand investment opportunities for high-risk investors."