Russia’s Finance Minister Anton Siluanov announced that the country will launch a government-backed crypto exchange. It will only be open to “super-qualified investors” — wealthy people and large financial companies.
The project is being developed by the Ministry of Finance and the Central Bank of Russia (CBR). It’s part of an “experimental legal regime” (ELR), which allows limited testing of crypto use under strict rules. This doesn’t mean crypto is legal across all of Russia.
Investors must meet high standards to use the platform. Individuals need to show they have over 100 million rubles (more than $1.2 million) in investments or bank deposits and earn over 50 million rubles (around $600,000) per year. Some companies already qualify under Russian law.
The goal is to bring crypto trading into a legal and controlled space. Russian officials hope the exchange can also help companies trade with foreign partners, especially since many are blocked from regular payment systems due to war-related sanctions.
The Central Bank still does not support fully legalizing crypto like Bitcoin across the economy, but it does agree with testing it in a limited way.
Russia may also create its own stablecoin, similar to Tether (USDT), to support these experiments.
Note: Crypto investing is risky. Always do your own research.
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