Russian Ministry of Finance discusses allowing ultra-high qualification investors to trade cryptocurrencies in Russia

PANews reported on March 5 that according to TASS, the Russian Ministry of Finance and the central bank are discussing the launch of local cryptocurrency transactions under the experimental legal framework, which is limited to the participation of "ultra-high qualification" investors. The specific standards for this category are still being formulated. Officials from the Ministry of Finance said that if an agreement is reached on the experimental system, investor qualification standards and risk control, a formal plan may be submitted to the government. The discussion is still taking place between the Ministry of Finance, the central bank and market participants.

Previously, Putin signed a law in August 2024, allowing cross-border payments and cryptocurrency transactions under the experimental legal framework from September 2024, with the central bank responsible for the regulatory authority.