Russia to Establish Exchange for Highly Qualified Investors

The Ministry of Finance and the Bank of Russia will launch a cryptocurrency exchange aimed at highly qualified investors, according to TASS, citing Finance Minister Anton Siluanov.

The official emphasized that the new project will help legalize digital assets and bring their operations out of the shadows.

Siluanov noted that this concerns activities within the framework of an experimental legal regime (ELR), rather than the domestic market.

In March, the Central Bank proposed allowing qualified individuals to trade cryptocurrencies within a three-year ELR.

Later in March, the central bank permitted restrictions on transactions between residents outside experimental legal regimes.