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Russia Advances Plans for State-Backed Crypto Exchange Targeting Elite Investors
Russia Advances Plans for State-Backed Crypto Exchange Targeting Elite Investors
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Russia’s finance ministry and central bank are progressing with a controversial initiative to launch a government-sanctioned cryptocurrency exchange. The platform will operate under an experimental legal framework, accessible exclusively to so-called ’super-qualified investors’ meeting stringent wealth requirements.
The move signals Moscow’s attempt to control digital asset trading while catering to affluent citizens. Eligible participants must demonstrate either 100 million rubles ($1.2 million) in assets or 50 million rubles ($602,000) in annual income—thresholds that effectively limit participation to Russia’s financial elite.
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