PANews reports on April 24 that according to Interfax, the Russian Ministry of Finance and Central Bank will establish a cryptocurrency exchange for high-net-worth investors as part of a "trial legal system" compliance mechanism. Participants must have assets over 120 million rubles or an annual income exceeding 50 million rubles. The plan aims to legalize crypto transactions and increase market transparency, but is limited to foreign trade settlements and not applicable to domestic payments, with related transactions to be launched in a pilot program after 6 months.
