Russia Launches State-Backed Crypto Exchange, Signaling Regulatory Shift

Russia’s Ministry of Finance and Central Bank have announced plans to launch a state-backed cryptocurrency exchange. This initiative signifies a major regulatory shift in Russia, aiming to legitimize crypto assets and facilitate cross-border transactions within a controlled environment. 🛡️ 💰 🌎 🇨🇳 🇮🇳 Finance Minister Anton Siluanov confirmed the plan, emphasizing legalization of digital assets. The project will likely reshape global financial landscapes as it sets the stage for new financial innovations in Russia while influencing regulatory frameworks globally. 👀