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Bank of Russia to allow wealthy investors to trade crypto

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Bank of Russia expands CBDC pilot

















































Financial institution of Russia to permit rich traders to commerce crypto – Central Banking





Financial institution says proposal follows direct directions from Putin, however reiterates dangers


Bank-of-Russia

The Financial institution of Russia

The Financial institution of Russia has outlined a three-year framework that will enable rich traders within the nation to commerce crypto belongings.

The central financial institution mentioned the initiative, which it introduced on March 12, adopted direct directions from Russia’s president, Vladimir Putin. It could solely apply to traders with a minimum of 100 million rubles ($1.17 million in keeping with the official change price) in investments and whose revenue in 2024 exceeded 50 million rubles. Corporations deemed to be “particularly

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