Key Takeaways: A state system will manage crypto transactions. Participation is limited to investors with defined wealth criteria. The framework runs on a trial basis to refine oversight. Ideas include a potential state-run crypto reserve. Regulatory caution persists despite new measures. Russia’s Ministry of Finance plans to legalize cryptocurrency transactions within a controlled national framework. This initiative will operate under an experimental legal system, allowing regulators to monitor and manage the process. Regulators believe this structured approach ensures effectiveness and creates a safer environment for crypto adoption in Russia. Russia’s Central Bank and Ministry of Finance Developed the Framework According to a local news report published on March 12, Russia’s Deputy Minister of Finance, Ivan Chebeskov, stated that the Ministry and the Central Bank actively collaborated to develop a national infrastructure framework for cryptocurrency transactions among qualified investors. Chebeskov stated that the Ministry of Finance has consistently supported regulating the digital currency market. On March 5, Alexey Yakovlev, head of the Financial Policy Department at Russia’s Ministry of Finance, disclosed ongoing discussions to establish a regulated crypto trading market. Russia considers allowing crypto trading for highly qualified investors Russia’s Finance Ministry and Central Bank are discussing launching organized cryptocurrency trading under an experimental legal framework, according to state news agency TASS. Only “highly qualified”… — CoinNess Global (@CoinnessGL) March 5, 2025 At the time, he revealed that the initiative would focus specifically on ‘super-qualified’ investors. Russia Sets Three-Year Experimental Crypto Trading Period Upon approval, the proposal will set a three-year experimental period for qualified investors to trade cryptocurrencies. The objectives include improving market transparency, establishing clear regulatory standards, and allowing qualified investors controlled access to crypto markets. However, despite these developments, the Central Bank maintains its stance against recognizing cryptocurrencies as a legitimate payment method. To enforce compliance, transactions will be restricted to authorized participants, and penalties will be imposed for violations. Criteria for Qualified Investors The initiative, now awaiting government approval , is designed for investors with substantial financial resources. To qualify, individuals must hold at least 100 million rubles ($11.5 million) in stock investments and deposits, or have earned a minimum of 50 million rubles in income over the past year. BREAKING: RUSSIA’S CENTRAL BANK PROPOSES THREE-YEAR CRYPTO TRADING PILOT FOR INVESTORS WITH $11.5M+ IN ASSETS OR $50M+ ANNUAL INCOME. THIS IS BULLISH pic.twitter.com/vXBra65szG — Crypto Rover (@rovercrc) March 13, 2025 Additionally, corporations meeting specific legal criteria can participate. The Central Bank intends to outline regulatory guidelines for financial institutions seeking involvement in this experimental framework. Russia’s Potential Crypto Reserve Beyond regulatory developments, Russia’s Finance Ministry has hinted at the possibility of creating a national crypto reserve. The Ministry stated that before Moscow considers investing in “riskier” assets like cryptocurrency, the National Welfare Fund (NWF) must accumulate liquid funds amounting to 7–10% of the country’s GDP . The NWF serves as a financial safety net, primarily used to support the economy during downturns and fund strategic investments. The government aims to ensure financial stability before taking on speculative assets like crypto by setting a minimum liquidity threshold. While this does not indicate an immediate plan to establish a strategic crypto reserve, the approach could shift if economic conditions align with these prerequisites. Concerns Grow Over Russian Central Bank Governor’s Skepticism Toward Crypto Despite the Ministry of Finance’s proactive stance on cryptocurrency regulation, Central Bank Governor Elvira Nabiullina remains a vocal skeptic. The rollout of Russia’s Central Bank Digital Currency (CBDC), the digital ruble, was initially planned for a nationwide launch on July 1, 2025, but has recently faced an indefinite delay . Postponement of Digital Ruble (CBDC) – But Not Off the Table July 1, 2025 – Original launch date for the digital ruble in Russia. The Central Bank of Russia had planned to roll out CBDC payments on a wide scale. February 27, 2025 – Russia indefinitely postpones the introduction… — Lumis Vista (@LumisVista) February 28, 2025 Nabiullina has emphasized the need for further discussions on an economic framework, thus suggesting a reconsideration of the approach. Over the years, Nabiullina has repeatedly sought a comprehensive ban on cryptocurrency, advocating for a China-style prohibition . However, her stance has gradually softened, particularly after President Vladimir Putin endorsed crypto-mining last year. Nevertheless, the Central Bank remains cautious about widespread crypto adoption, reflecting ongoing tensions between regulators and policymakers. Can Russia’s Controlled Crypto Experiment Set a Global Example? As Russia cautiously integrates cryptocurrency into its national financial infrastructure, the balance between progressive adoption and regulatory prudence remains delicate. The ongoing skepticism from influential figures like Governor Nabiullina raises critical questions about the realistic pace of crypto integration. Will this experimental framework lead Russia toward financial innovation, or will internal tensions limit the potential benefits of digital assets? The effectiveness of Russia’s controlled experiment may ultimately serve as a crucial indicator for other nations considering similar regulatory approaches. Frequently Asked Questions (FAQs) How does Russia’s new crypto framework differ from international models? Russia’s model restricts crypto trades to select investors with controlled, experimental rules. It contrasts with systems allowing broader market access, testing tighter financial oversight. What potential role could a national crypto reserve play in Russia’s economy? A national crypto reserve might offer backup support during economic stress and help refine fiscal methods. It could act as a safety net amid market volatility while exploring crypto’s role in public finance. What does the collaboration between the Finance Ministry and Central Bank indicate for future crypto policies? Their joint efforts indicate a cautious test of crypto regulation. This alliance may shape financial policies by exploring restricted market access, hinting at a more measured path for digital assets. The post Russia’s Ministry of Finance Plans to Regulate Crypto Operations with National Infrastructure appeared first on Cryptonews .
