Russia's Crypto Strategy: Bank of Russia Launches Controlled Trading Experiment
by aria-crypto.com
March 12, 2025 at 18:36
Russia's Crypto Strategy: Bank of Russia Launches Controlled Trading Experiment
The Bank of Russia has announced an experimental legal regime (ELR) to explore cryptocurrency trading within a secured and regulated framework. This pioneering move will permit a specific group of highly qualified investors to participate over a three-year trial period. To qualify, individuals must have invested at least 100 million rubles in securities or collected over 50 million rubles annually. Businesses already classified under existing laws as qualified investors, along with financial institutions, will also gain access, albeit under stringent regulatory oversight tailored to the distinct risks of crypto transactions.
The initiative, endorsed by Russian authorities, aims to enhance market transparency, establish standardized service protocols, and offer seasoned investors new avenues for deploying their capital into high-risk assets. Russia's strategy reflects a significant step amidst international economic pressures, aligning with global trends in digital currency utilization while selectively bypassing the usage of cryptocurrencies for domestic payments. Russians can currently purchase and possess cryptocurrencies but are restricted from using them as a means of payment within the nation, relying instead on external platforms due to a lack of a national exchange.
Adding a layer of structured access through mutual funds managed by professional asset managers, as suggested by Andrey Bershadsky, CEO of "Pervaya," could mitigate risks for investors, highlighting an evolutionary step in Russia's financial ecosystem. This adjustment aims to address investment through unregulated platforms unsupervised by Russian laws, presenting a more secure method of engaging with digital currencies.
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