Russia reportedly eyes controlled crypto trading for wealthy investors

Russia Explores Controlled Crypto Trading for Wealthy Investors

Russia’s Ministry of Finance and Central Bank are reportedly developing a controlled crypto trading framework aimed at high-net-worth investors. According to a March 5 report by Interfax, the initiative targets "super-qualified" investors, including corporations and individuals with assets exceeding 24 million rubles ($250,000). The project, still in development, would allow these entities to trade digital assets under a structured legal environment.

• The framework is expected to be implemented through an experimental legal regime, as Russia currently lacks comprehensive crypto trading legislation.
• Aleksey Yakovlev, head of the Ministry of Finance’s financial policy department, emphasized the need to mitigate risks and protect investors before expanding crypto adoption.
• Yakovlev noted that integrating cryptocurrencies into Russia’s financial system requires extensive regulatory oversight, a process already underway.

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 select investors. Additionally, Russia introduced a taxation system for digital assets like Bitcoin last year, with tax rates ranging from 13% to 15%, depending on income levels.

• The move reflects Russia’s cautious yet progressive approach to crypto regulation, balancing innovation with investor protection.