Crypto assets will be legalized, and crypto operations will be brought out of the shadows,” he said in a statement translated from Russian.“Naturally, this will not happen domestically, but as part of the operations permitted under the experimental legal regime.”Anton Siluanov (left) said the Kremlin-backed crypto exchange is only for Russian investors who meet certain income and wealth thresholds.
On April 16, Kabaloev said the Kremlin should be creating its own stablecoin after a recent freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities and stablecoin issuer Tether. Related: Russia using Bitcoin, USDt for oil trades with China and India: ReportMeanwhile, Evgeny Masharov, a member of the Russian Civic Chamber, proposed on March 20 to create a Russian government crypto fund that would include assets confiscated from criminal proceedings.
The platform will be aimed at “super-qualified investors,” Finance Minister Anton Siluanov said during a ministry meeting, according to April 23 reports from Russian media group RBC and Russian news agency Interfax.“Together with the central bank, we will launch a crypto exchange for super-qualified investors.
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Author / Journalist: Cointelegraph by Stephen Katte
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