National Exchange and Market Infrastructure

Chebeskov emphasized the market’s need for its own infrastructure. Therefore, a national framework is necessary for a wide ecosystem, from mining to payments. In addition, the infrastructure will operate through a national exchange that includes miners, investors, and companies working with crypto assets. For this reason, the Bank of Russia has also begun preparations for the development of this infrastructure.

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Crypto-Friendly Russia: Pilot Programs and Legal Trials

Moscow has softened its stance toward crypto in recent months. In March, the Central Bank launched a pilot program for certain investors. The program allows investors to trade crypto on a limited basis for three years. Its goal is to secure investments while maintaining strict rules for individual use.

In April, the Ministry of Finance and the Central Bank worked to establish a crypto exchange open only to qualified investors. The experimental legal system will last three years. This system shows that Russia is testing crypto in a controlled yet increasingly friendly framework.

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