Russia's Ministry of Finance to Offer Cryptocurrency Trading to "Highly Qualified" Investors: Report | CoinDesk JAPAN

GateUser-7b23e414 · 2025-04-24T21:32:45+00:00

Russia's Finance Ministry and Central Bank plan to launch a cryptocurrency exchange for "highly qualified" investors. The move aims to legalize cryptocurrencies and bring trading out of the shadows, under an experimental regulatory regime. The initiative targets a new category of investors in Russia due to the absence of centralized domestic cryptocurrency exchanges. The Central Bank also proposes providing access to digital asset derivatives and securities based on cryptocurrency value for these investors.

GateUser-7b23e414

2025-04-24 21:32:45

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The Russian Ministry of Finance and the Central Bank are set to announce a cryptocurrency trading platform for “highly qualified” investors.
The Central Bank of Russia proposed in March to allow Cryptocurrency Trading under a pilot called the Experimental Legal Regime (ELR).
Since there are no centralized domestic cryptocurrency trading platforms in Russia, Russians rely on overseas trading platforms for buying and selling cryptoassets.

The Russian Ministry of Finance and the Central Bank are set to announce a cryptocurrency trading platform for “highly qualified” investors, as reported by the news agency Interfax on the 23rd.

According to reports, Finance Minister Anton Siluanov stated at a departmental board meeting that this exchange “will legalize cryptoassets and bring Cryptocurrency Trading out of the shadows.”

“Of course, this will not be conducted domestically, but will be carried out as part of operations permitted under the experimental legal framework (ELR),” he stated.

The Central Bank of Russia proposed to allow cryptocurrency trading in a pilot program called the Experimental Legal Regime (ELR) in March.

This applies to the new category of investors, advanced qualified investors, which targets individuals whose investment amount exceeds 100 million rubles (approximately 173 million yen, based on an exchange rate of 1 ruble to 1.73 yen) or whose annual income exceeds 50 million rubles (approximately 86.5 million yen).

Since there are no centralized domestic cryptocurrency trading exchanges in Russia, Russians rely on overseas trading platforms for buying and selling cryptoassets, and it is possible that the Ministry of Finance and the central bank are trying to counter this.

The central bank is also proposing to allow sophisticated qualified investors to access digital asset-related derivatives and securities that generate profits based on their value, rather than handing out cryptoassets to investors.

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