Russia will create Exchange Exchange exclusive for qualified investors: report

The measure seeks to open space and test the crypto operations in the country, this allowing controlled access to a market that currently operates within hiding against the restrictions imposed by the Russian government.

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• Russia will launch Exchange crypto, in which only certain investors can participate.
• Only investors with annual income greater than RUB 50 million can participate.
• He Central Bank and the Ministry of Finance They will lead the implementation of the new regime.
• The initiative is opposed to Russian law that prohibits payments with cryptocurrencies.

Russia advances towards the regularization of cryptocurrency trade, this through a new exclusive exchange that will be launched by the Central Bank and the Ministry of Finance.

According to the local agency Interfax, The platform will be available only for “Highly qualified investors”marking a milestone in the regulatory approach of Moscow towards digital assets.

The Minister of Finance, Anton Siluanov, said that this measure will allow “Remove the crypto operations from the shadows”Although he clarified that the Exchange will not work within the regular national financial system, but within a special legal framework.

According to the official, the platform is part of a “Experimental legal regime”either Elr, which was officially proposed in March by the Central Bank of Russia as a way to enable crypto operations within a controlled environment.

In accordance with the regulations, To be considered “Qualified investor”, A person must have invested more than RUB 100 million (USD $ 1.2 million) in values ​​or deposits, or have had income greater than RUB 50 million (USD $ 600,000) during the previous year.

According to him Central Bankthis regime seeks to improve the transparency of the crypto market and establish standards for the provision of services in the sector. In addition, it is intended to offer more opportunities to sophisticated investors willing to assume greater risks.

This approach responds to the geopolitical and financial context in which Russia is found. Since 2022, several Russian platforms, such as Guarantorx, They have been sanctioned by the United States and the European Union, limiting their ability to operate globally.

A change of course for Russia?

The new project marks a partial turn regarding the previous Kremlin policy. In 2022, President Vladimir Putin signed a law that prohibits the use of cryptocurrencies to make payments in the country. However, in recent months, various officials have suggested that cryptocurrencies could be used strategically for international trade.

Reuters reported in March that some Russian oil companies would be using Bitcoin and Ethereum, through intermediaries, to facilitate transactions with China and India, thus avoiding Western financial sanctions.

The movement also coincides with a global implementation trend of differentiated regulatory frameworks for cryptocurrencies. Several countries, such as United and Singapore Arab Emirates, have adopted special regimes that allow crypto technologies in limited environments before their large -scale adoption.

Economic and political implications

The launch of this exclusive exchange could sit an important precedent within the Eurasian block. While its scope will initially be limited, the measure could establish the bases for a digital financial infrastructure that operates parallel to the traditional system, especially in an environment of sanctions.

In internal terms, the government will be able to observe the behavior of investors and the impact of cryptocurrencies on the real economy without compromising the stability of the national financial system.

Siluanov remarked that this initiative does not mean a total legalization of cryptocurrencies in Russia, but it represents a first step towards a more pragmatic policy. It remains to be seen if this experimental regime will expand or if it will remain as a regulatory exception in times of economic tension.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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