{"id":127845,"date":"2025-04-24T05:17:59","date_gmt":"2025-04-24T05:17:59","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127845"},"modified":"2025-04-24T05:17:59","modified_gmt":"2025-04-24T05:17:59","slug":"russias-central-bank-finance-ministry-to-launch-crypto-exchange","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127845","title":{"rendered":"Russia\u2019s central bank, finance ministry to launch crypto exchange"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsRussia\u2019s finance ministry and central bank are reportedly planning to launch a crypto exchange for qualified investors under an experimental legal regime.<br \/>\nThe platform will be aimed at \u201csuper-qualified investors,\u201d Finance Minister Anton Siluanov said during a ministry meeting, according to April 23 reports from Russian media group RBC and Russian news agency Interfax.<br \/>\n\u201cTogether with the central bank, we will launch a crypto exchange for super-qualified investors. Crypto assets will be legalized, and crypto operations will be brought out of the shadows,\u201d he said in a statement translated from Russian.<br \/>\n\u201cNaturally, this will not happen domestically, but as part of the operations permitted under the experimental legal regime.\u201d<br \/>\nAnton Siluanov (left) said the Kremlin-backed crypto exchange is only for Russian investors who meet certain income and wealth thresholds. Source: Mehmet SimsekThe Russian central bank announced a proposal on March 12 to allow a limited number of Russian investors with a certain amount of assets to buy and sell cryptocurrencies like Bitcoin (BTC) under a three-year experimental regime.<br \/>\nUnder the proposal, the bank created a new investor category, super-qualified investors, defined by wealth and income thresholds of over 100 million rubles ($1.2 million) or a yearly income of at least 50 million rubles ($602,000).<br \/>\nSuper-qualified investor definition not set in stone\u00a0<br \/>\nThe deputy director of the Finance Ministry\u2019s financial policy department, Osman Kabaloev, said the criteria for a super-qualified investor are not yet final because they were floated in the early stages of discussions last year, according to RBC.<br \/>\n\u201cPerhaps it will be in this format, or these indicators will be somehow adjusted in one direction or another &#8211; this is possible, I think there will be a wide range of discussions,\u201d Kabaloev said in a statement translated from Russian.<br \/>\nRussia implemented a ban on using cryptocurrencies like Bitcoin for payments under its first crypto law, On Digital Financial Assets, which came into force in January 2021.<br \/>\nHowever, the country has since been trying to make other crypto inroads. On April 16, Kabaloev said the Kremlin should be creating its own stablecoin after a recent freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities and stablecoin issuer Tether.\u00a0<br \/>\nRelated: Russia using Bitcoin, USDt for oil trades with China and India: Report<br \/>\nMeanwhile, Evgeny Masharov, a member of the Russian Civic Chamber, proposed on March 20 to create a Russian government crypto fund that would include assets confiscated from criminal proceedings.<br \/>\nAt the same time, other officials were progressing with new legislation on recognizing crypto as property for the purposes of criminal procedure legislation.<br \/>\nMagazine: How crypto laws are changing across the world in 2025<a href=\"https:\/\/cointelegraph.com\/news\/russian-ministry-finance-central-bank-launch-crypto-exchange?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsRussia\u2019s finance ministry and central bank are reportedly planning to launch a crypto exchange for qualified investors under an experimental legal regime. The platform will be aimed at&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127845"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127845"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127845\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127845"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}