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Russia discusses initiating domestic cryptocurrency trading under experimental legal framework

Russia discusses initiating domestic cryptocurrency trading under experimental legal framework

Bitget2025/03/05 13:54

The Russian Ministry of Finance and the Central Bank are discussing the launch of domestic cryptocurrency trading under an experimental legal framework, limited to "ultra-high qualification" investors, with specific standards for this category still being developed. A finance ministry official said that if there is consensus on the experimental system, investor qualification standards and risk control, a formal proposal may be submitted to the government. Discussions are still ongoing among the Ministry of Finance, Central Bank and market participants. Previously, Putin signed a law in August 2024 allowing cross-border payments and cryptocurrency transactions under an experimental legal framework from September 2024 onwards, with regulatory authority vested in the central bank. (TASS)

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