Regulation News: Russia's Crypto Exchange Initiative
Wednesday, 23 April 2025, 15:44
Regulation News: Russia's Government-Backed Crypto Exchange
Russia's Ministry of Finance and Central Bank are launching a centralized crypto exchange. This comes as they seek to promote cryptocurrency as a tool to evade sanctions.
Plans for the Centralized Exchange
According to a report from local media, significant plans are in place for this exchange, which will initially cater to specific user groups and outline the framework for regulating cryptocurrency trading across the country.
- Blockchain infrastructure is expected to support transaction efficiency.
- A ruble-backed stablecoin is also under consideration as part of this strategy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.