Russia Launches Crypto Exchange for Wealthy Investors under Experimental Rules

In a bid to circumvent international financial restrictions imposed by sanctions, Russia will launch a government-backed crypto exchange specifically designed for wealthy investors. This pioneering project operates under a special legal framework called the Experimental Legal Regime (ELR), granting it flexibility while adhering to strict regulations. Access is limited to high-net-worth individuals with significant financial assets or income exceeding a specified threshold. Retail users are excluded, and participation will be indirect through regulated financial instruments like derivatives.