Russia’s Central Bank and Finance Ministry are launching a centralized crypto exchange aimed at high-net-worth investors. This new platform is part of a broader strategy to legalize crypto assets and combat international sanctions.
To qualify, investors must possess at least 100 million rubles (approximately 1.2 million USD) in securities or deposits or demonstrate an annual income of 50 million rubles (approximately 600,000 USD). These parameters may still be adjusted.
Anton Siluanov, Russia’s Minister of Finance, emphasized plans to legalize crypto operations under an ‘experimental legal regime’ to increase transparency and compliance amidst the ongoing crackdown on private exchanges.
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