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The Finance Ministry at Russia and the Central Bank is preparing to start a state-backed crypto exchange, especially for “super-qualified” investors.
Finance Minister Anton Silunonov recently revealed the initiative in a meeting of the ministry, Local outlet RBC reports Wednesday, stating that the target is to legalize crypto assets and transfer digital transactions to a regulated location.
Exchange will work under the country’s experimental legal rule for financial innovation. Although this will not support wide-based crypto trading within Russia, it will allow a select class of investors to conduct regulated transactions in crypto assets in controlled conditions.
Bus: To launch Crypto Exchange for Russia "Super qualified investor"RBC news report
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Russia harasses access to state-supported exchange
This initiative reflects the growing urgency of Moscow for the construction of a domestic crypto infrastructure. Last month, Stablecoin wallets connected to Russian users were frozenTo disrupt digital payments and highlight risks based on foreign tokens.
In response, senior finance officials also have Proposed to develop a national stablecoin To ensure maximum financial autonomy.
Access to new platforms will be tightly controlled. The central bank has proposed to provide “super-qualified” status to investors with at least 100 meter rubles in securities and deposits. It is about $ 1.1m. Alternatively, investors can qualify with an annual income above 50 meters ruble, or approximately $ 550,000. However, these thresholds are not final.
Moscow Exchange, SPB 2025 is ready for Crypto Derivatives before Rollout
Usman Kablov, Deputy Director, Financial Policy Department of the Finance Ministry, said that he could still be accommodated during the discussion discussion.
Investors who do not meet these criteria can still reach digital assets. However, they can do this only through crypto-linked derivatives that do not include direct ownership. These products allow regular qualified investors to benefit from crypto price movements without actually keeping tokens.
Trading venues are getting ready for this shift. In March, the Moscow Exchange stated that it is ready to launch crypto-related derivatives, when regulators give green lights. The exchange aims to roll out the offer in 2025. SPB Exchange shared similar schemes. This intends to introduce products associated with crypto values to reach a comprehensive group of investors after the rules are implemented.
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