- Russia plans to provide an exchange of encryption, and the stock exchange will focus on elite investors.
- Determine a new investor category proposal, highly qualified investors with wealth and income.
It is expected that the Ministry of Finance and the Central Bank in Russia will provide an exchange of encryption to elite investors under a pilot legal system.
Russian media group RBC It stated on April 23 that during the ministry meeting, the Minister of Finance in Russia, Anton Selwanov, stated that the stock exchange will focus on very qualified investors.
He also went on to say that “with the integration of the central bank, the Ministry of Finance will launch an exchange of encryption for very qualified investors.” The encryption assets will be coded and encryption will be brought to light.
On March 12, the Central Bank in Russia has published a proposal to permission to a limited number of Russian investors who have a certain amount of assets to buy or sell encryption such as Bitcoin (BTC) under the trial system for a period of three years.
The proposal also clarified a new investor category, qualified, qualified, high -ranking and income -rated investors for more than 100 million rubles, or who must have an annual income of at least 50 million rubles.
Russia weighs standards for “qualified” investors
RBC also stated that Othman Kabaliv, Deputy Director of the Finance Policy Department of the Ministry of Finance, revealed that the highly qualified investor standards have not ended yet, as she hovering in the early stages of discussions in 2024.
Kabaloev also stated that “it will definitely be in this setting, or the standards will be modified in some way or in another direction- this is possible and I think there will be a broader set of discussions.
Russia has banned the use of cryptocurrencies like Bitcoin For payments under its first encryption law starting from January 2021. Also, the country has been argued for years against cryptocurrencies, noting that it can be used to money laundering and terrorist financing.
The news of the encryption was highlighted today:
Bitcoin-etereum recovery affects the liquidation of the mass over 654.22 million dollars in 24 hours
