🚀 Russia’s Minfin Plans Crypto Trades on Stock Exchanges for Qualified Investors Only 🚀
Russia's Ministry of Finance (Minfin) is working on a plan to allow crypto trading on stock exchanges. But here's the catch: only "highly qualified" investors will be able to participate.
📌 Key Points:
1️⃣ Minfin aims to allow crypto trades on stock exchanges.
2️⃣ Access will be limited to "highly qualified" investors.
3️⃣ This move aligns with Russia’s push to legalize crypto payments for cross-border trades.
4️⃣ Russia’s central bank is still against full crypto legalization.
5️⃣ Minfin suggests recognizing cryptocurrency as a commodity to ease regulatory issues.
6️⃣ Bank of Russia might approve stablecoins for cross-border trades, especially with China.
This proposal follows Russia's efforts to explore alternative trade methods amid sanctions. The central bank's deputy governor mentioned that the goal is to regulate the entire process, from transferring stablecoins into Russia to using them for international payments.
Stay tuned for more crypto sights! 👍
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