Russia Plans Exclusive Crypto Trading Platform for Wealthy Traders

This new exchange will operate under a trial system and be limited to people who meet certain financial requirements.

Finance Minister Anton Siluanov confirmed the plan during a meeting on April 23. He said the aim is to bring some level of control and legal structure to crypto trading, which has so far happened without clear rules.

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Siluanov stated that crypto assets would be recognized legally, but trading would only be allowed through the new system for the time being. The exchange will not be available to the general public or run as a regular platform—it will be part of a controlled program.

To qualify, individuals would need to hold assets worth over 100 million rubles (around $1.2 million) or have an annual income of at least 50 million rubles (roughly $602,000). Those who meet the requirements are being called "super-qualified investors".

However, these requirements are not final. Osman Kabaloev, a senior official at the Finance Ministry, said the thresholds were only part of early discussions. He noted that the exact figures might change as more people and groups give feedback.

Meanwhile, crypto exchange OKX $3.08B is preparing to return to the United States. What did the company say about the announcement? Read the full story.