Russia is planning a high-quality crypto trading platform for wealthy investors
Since Russia is still isolated from traditional financial networks through worldwide sanctions, the state's highest financial authorities – the central bank and the Ministry of Finance – are preparing the introduction of a state -supported cryptocurrency exchange.
However, the platform will not be accessible to the general public. Instead, it is aimed exclusively at the richest people in Russia.
The initiative marks a possible U -turn in the attitude of Russia compared to digital assets after cryptocurrencies were banned for payments in 2021. Finance Minister Anton Siluanov announced the first details during a recently held government meeting and thus signaled another interest in the integration of cryptocurrencies into the country's strictly controlled financial ecosystem.
Access requirements favor Russia's wealthy elite
If the new one Stock exchange It will be aimed at people who meet strict financial criteria. According to preliminary information, the participants must either
- Own assets worth over 100 million rubles (around $ 1.2 million)
- earn more than 50 million rubles (around $ 600,000) annually
These threshold values strictly limit access to the upper class of Russia and reflect a careful approach to the reintroduction of cryptocurrencies under state supervision with strict control at the same time.
Comeback of cryptocurrencies – but with conditions
Although this step seems to signal a gentle return of cryptocurrencies to the Russian financial system, the legal situation remains unclear. There is still no confirmation of whether cryptocurrency payments are legalized in addition to the trade. The government seems to focus more on offering controlled trading options, possibly as a bypass solution for sanctions – and at the same time avoiding a broader introduction of cryptocurrencies in retail.
Since nothing has been finally decided, the initiative is still in the planning phase. However, if it is implemented, it could redesign the access of the Russian elite to international markets and at the same time bypass the economic restrictions imposed by western sanctions.
