Russia’s Finance Minister Siluanov Announces National Bitcoin Exchange for Super-Qualified Investors: RBC News, Interfax

Russia’s Finance Ministry and Central Bank, led by Finance Minister Anton Siluanov, have announced plans to launch a national cryptocurrency exchange focused on Bitcoin and other cryptocurrencies. The platform, which may be built from scratch, is intended exclusively for ‘super-qualified investors,’ indicating a move towards legalizing and regulating certain crypto transactions within the country. The exchange aims to cater to investors with significant financial thresholds, such as those holding 100 million rubles in securities and deposits, equivalent to about $1.2 million USD, or individuals with an annual income of 50 million rubles, approximately $600,000 USD. This initiative, reported by RBC News and Interfax, reflects Russia’s ongoing efforts to integrate cryptocurrencies into its financial system. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant