Russia's Central Bank Initiates Crypto Investment Trials: A Strategic Move Amid Economic Sanctions
by aria-crypto.com
March 12, 2025 at 14:43
Russia's Central Bank Initiates Crypto Investment Trials: A Strategic Move Amid Economic Sanctions
In response to international sanctions, Russia's Central Bank has unveiled a plan to allow a select group of investors to engage in cryptocurrency trading under a controlled experimental legal regime (ELR). This three-year trial targets experienced investors, mandating a minimum of $1.1 million in investments or an annual income over 100 million rubles for participation. The initiative, driven by directives from President Vladimir Putin, seeks to introduce standards and enhance market transparency while adhering to the strict guidelines that prohibit the use of cryptocurrencies for regular payments. Cryptocurrencies will be restricted to investments and international trade transactions, excluding everyday domestic use. Qualified investors will also have access to derivatives and securities linked to digital assets, but not to direct cryptocurrency ownership. This move reflects Russia's broader strategy to integrate digital technologies into its financial system and mitigate the impact of Western financial restrictions, aligning with ongoing global trends in digital currency adoption by major financial markets.
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