Russia’s Minfin mulls crypto trades on stock exchanges for select investors only
Russia’s Ministry of Finance is reportedly working on allowing stock exchanges to open crypto trades, but restrict access to a limited group of “highly qualified” investors.
Russia‘s Ministry of Finance, also known as Minfin, is exploring measures to permit crypto trading on stock exchanges as the country is moving closer to legalizing crypto payments for cross-border trades, Russian state news agency Interfax reports, citing sources close to the matter.
The report notes that the ministry is mulling a mechanism that would allow conducting trades with digital currencies, but for “highly qualified” investors only as Russia’s central bank, the Bank of Russia, still continues to oppose full crypto legalization.