Russia’s Finance Ministry is working with the country’s central bank on a plan to permit certain investors to trade cryptocurrencies within a regulated environment.
According to reports, Alexey Yakovlev, who heads the Financial Policy Department at the ministry, revealed that these trades would occur under the nation’s Experimental Legal Regime (EPR).
Only a newly designated group of “super-qualified investors” will be allowed to participate, Yakovlev explained at the Asset Management Market Leaders Forum. However, the exact criteria for this category are still being defined.
“We are developing an experimental framework to enable regulated digital asset trading in Russia. This will be accessible to a select group of investors whose qualifications are still under discussion,” he stated.
Yakovlev expressed confidence that the initiative could take shape soon, but three key conditions must be met first: establishing the experimental trading framework, finalizing the criteria for eligible investors, and implementing thorough risk management measures.
Once these steps are completed, the Finance Ministry intends to present a formal proposal to the government for final approval.
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