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Russia will launch a Crypto Assets exchange for accredited investors.
[Russia will launch a cryptocurrency exchange for accredited investors] The Central Bank and the Ministry of Finance of Russia will establish a cryptocurrency exchange for "high-qualification investors" that will operate "as part of an experimental legal mechanism allowed." Finance Minister Anton Siluanov stated: "This will legalize crypto assets and bring crypto operations out of the shadows." It is reported that this mechanism applies to individuals whose "securities and deposit investments exceed 100 million rubles or whose income exceeded 50 million rubles in the previous year." The Central Bank stated that this move aims to "increase transparency in the cryptocurrency market, establish service standards, and expand investment opportunities for high-risk investors."