Russia’s Central Bank and Ministry of Finance to launch cryptocurrency trading platform for “highly qualified investors”

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MarsBit
04-24
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Mars Finance News, on April 24, according to The Block, the Russian Central Bank and Ministry of Finance will launch a cryptocurrency trading platform for "qualified investors". Russian Finance Minister Anton Siluanov stated: "This will legalize crypto assets and bring crypto operations out of the shadows." He added: "Naturally, this will not happen domestically, but as part of operations allowed under an experimental legal regime." The Russian Central Bank submitted a proposal in March to allow cryptocurrency trading "under an experimental legal regime (ELR) to serve qualified investors". It is reported that this status will be granted to those who have invested over 100 million rubles (approximately $1.2 million) in securities and deposits, or had an incomeeding (,000) in the the previous>

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