Russia Plans Regulated Crypto Market for Super-Qualified Investors
1min read Russia is actively considering the establishment of a regulated cryptocurrency market specifically for "super-qualified" investors. This initiative is a collaborative effort between the Ministry of Finance and the Central Bank, aiming to create a controlled trading framework that allows high-net-worth individuals and corporations to engage in digital asset trading within a structured legal environment.
The proposed framework is part of an experimental project designed to introduce regulations that ensure secure crypto trading within the country. The target group for this initiative includes entities with assets exceeding 24 million rubles. Aleksey Yakovlev, head of the Ministry of Finance’s financial policy department, emphasized that the plan is still in development but expressed optimism about its implementation in the near future, likely through an experimental legal regime.
Yakovlev highlighted the importance of addressing the issue and moving it forward, despite the lack of comprehensive legislation for crypto trading in Russia. The focus is on mitigating risks and protecting investors before expanding digital asset adoption. This initiative aligns with Russia's broader efforts to regulate the crypto industry. In 2024, the government approved a proposal allowing traditional stock exchanges to facilitate digital asset trading for selected investors.
Additionally, Russia has strengthened its crypto regulatory framework by introducing a taxation system for digital assets like Bitcoin, with tax rates ranging from 13% to 15%, depending on the entities’ income. The experimental legal regime is designed to integrate cryptocurrencies into the broader financial system with extensive regulatory oversight. This approach reflects Russia's commitment to addressing the challenges and opportunities presented by digital assets, ensuring a secure and controlled environment for qualified investors.
