Russia Set to Launch Exclusive Crypto Exchange for Wealthy Individuals

Facing sanctions, Russia is exploring a new approach: creating an exclusive crypto exchange for wealthy citizens. The Central Bank and the Ministry of Finance are spearheading this initiative, aiming to legalize cryptocurrency trading within Russia. However, access will be limited, targeting only individuals with substantial assets or income exceeding specific thresholds. While details remain in development, sources suggest this exchange would focus on trading without direct payment acceptance. The potential impact on the Russian crypto landscape is significant.