The Russian Ministry of Finance and the Central Bank are reportedly working on a controlled crypto-trading framework for selected high-net-worthy investors.
On March 5, local media -Outlet Interfax reported That civil servants investigated an experimental project so that specific entities could carry out digital assets trade under a structured legal environment.
Aleksey Yakovlev, head of the Financial Policy Department of the Ministry of Finance, stated that the initiative focuses on ‘super -qualified’ investors. This category includes companies and people with assets of more than 24 million rubles ($ 250,000).
Although the plan is still being developed, the authorities want to introduce rules that ensure safe crypto trade in the country. Yakovlev hinted to the chance of implementing the project by an experimental legal regime, because Russia currently has no extensive legislation for crypto -trade.
According to him:
“We hope that it will be implemented in the near future, probably in the format of an experimental legal regime. We discuss this problem, I cannot yet say specific modalities, but the most important thing is that the problem is tackled, the problem continues. “
Yakovlev also emphasized the need to limit risks and to protect investors before the acceptance of digital assets is expanded. He noted that the integration of cryptocurrencies into the broader financial system requires extensive legal supervision, a process that actively tackles Russian authorities.
In the meantime, this initiative corresponds to Russia’s broader efforts to regulate the crypto industry. In 2024, the government approved a proposal, so that traditional stock markets can facilitate digital assets -trade for selected investors.
Moreover, Russia has strengthened its crypto control framework. Last year the government introduced a tax system for digital assets such as Bitcoin, which means that tax rates were imposed from 13% to 15%, depending on the income of the entities.
