Central Bank of Russia, Ministry of Finance to launch CRIPTO Exchange

The Ministry of Finance of Russia and the Central Bank allegedly plan to launch a crypto exchange for qualified investors within the experimental legal regime.

The platform will be focused on “supervalified investors”, said Minister of Finance Anton Siluanov during the meeting of the Ministry, toward to the 23rd April reports From Russian Media Group RBC and Russian news agency Interfax.

“Together with the Central Bank, we will launch a CRIPTO exchange for super qualified investors. CRIPTO assets will be legalized, and the crypto operations will be derived from shadows,” said in the statement translated from Russians.

“Of course, it will not happen domestic, but as part of the operations allowed according to experimental legal regime.”

The Russian central bank announced a proposal 12. Marta to Allow a limited number of Russian investors with a certain amount of funds to buy and sell cryptocurries such as Bitcoin (Btc) Under a three-year experimental regime.

According to the proposal, the Bank created a new category of investors, super qualified investors, defined large and income thresholds of over 100 million rubles or annual income of at least 50 million rubles (602,000 dollars).

Super qualified definition of investors not set in stone

Deputy Director of the Financial Ministry Financial Policy Department of the Ministry, Osman Kabaloev, said The criteria for super-qualified investor are not yet final because they hovered in the early stages of discussions last year, according to RBC.