Russia’s central bank and finance ministry are set to launch a crypto exchange tailored for super-qualified investors under a three-year experimental regime. Finance Minister Anton Siluanov announced that this initiative will allow a select group of Russian investors, defined as having assets exceeding 100 million rubles (approximately $1.2 million) or an annual income of at least 50 million rubles ($602,000), to legally trade cryptocurrencies. This move aims to bring crypto operations out of the shadows and was based on a proposal made by the central bank in March. The criteria for super-qualified investors have yet to be finalized, as discussions are still ongoing. This initiative is part of Russia's broader push to engage with cryptocurrencies and was influenced by previous regulations established under the country's first crypto law, On Digital Financial Assets, in January 2021.

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