Russia’s Secret Plan: Bitcoin Trading Proposal Surfaces

Russia is reportedly considering allowing Bitcoin and cryptocurrency trading for select investors as part of efforts to boost international crypto settlements amid ongoing geopolitical challenges.

Previously, Moscow had proposed banning crypto trading and mining, with recent bills seeking to restrict domestic cryptocurrency exchange operations.

Now, the Russian Finance Ministry aims to permit Bitcoin and other cryptocurrencies for specific investor categories, proposing legislation for regulating crypto mining and digital asset settlements.

Additionally, they suggest allowing foreign economic activity participants to utilize crypto for settlements, treating them akin to currency.

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Registered exchanges would handle crypto trading, limiting access to certain investors, while the Central Bank of Russia still restricts crypto for payments domestically.

Recent proposals also include legalizing stablecoins for international settlements, potentially bolstering Russia’s economic resilience against sanctions.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.