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Russia’s Central Bank to Launch Crypto Exchange as Part of BRICS Digital Push
Russia’s Central Bank to Launch Crypto Exchange as Part of BRICS Digital Push
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Russia is advancing its digital asset strategy with a government-backed cryptocurrency exchange, though access will be restricted to high-net-worth individuals—those classified as ’super-qualified’ with significant assets or annual income. The initiative, led by the Central Bank of Russia and the Ministry of Finance, reflects a strategic pivot to circumvent Western sanctions and integrate with BRICS-led financial alternatives. This move underscores the growing role of digital assets in geopolitically constrained economies, though the platform’s exclusivity highlights regulatory caution. No specific cryptocurrencies or exchanges are named in the announcement, but the development signals potential future integration with global crypto markets.
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