Crypto News

Russian Crypto Trading Framework in the Works The Russian government is taking steps towards a controlled framework for crypto trading. According to reports, the Ministry of Finance and the Central Bank are collaborating on a project that would allow certain high-net-worth individuals to trade digital assets in a structured and regulated manner. Select Investors Eligible for Experimental Project Under the proposed framework, only select entities would be able to participate in the experimental project. These entities would likely be high-net-worth individuals or institutions with a proven track record in the financial industry. This restriction aims to minimize the potential risks and volatility associated with crypto trading. Structured Legal Environment for Crypto Trading One of the main objectives of this project is to provide a structured legal framework for crypto trading in Russia. This would help to eliminate the current ambiguity...

The Russian Government's Crypto Plan Russia has long been a controversial player in the world of cryptocurrency, with ongoing debates and discussions about its potential impact on the country's economy. However, recent reports suggest that the Russian Ministry of Finance and the Central Bank are working together to create a controlled framework for crypto trading. High-Net-Worth Investors to Benefit According to local media outlet Interfax, the proposed project would only be available to select high-net-worth investors. This means that the average retail investor would not have access to this experimental program. Instead, it would be limited to specific entities that meet certain financial criteria. Structured Legal Environment One of the main goals of this project is to create a structured legal environment for crypto trading. This would provide a certain level of protection for investors and help mitigate the risks associated with...