By USA Goldmines 
Russia has been under embargo for quite a while now. One way to evade this embargo was with crypto payments. Now the Russian government takes it one step further. There are now plans to launch a crypto exchange. The Central Bank of Russia and the Ministry of Finance will launch this. However, it will only be for wealthy Russians.Â
These are new plans and nothing is concrete yet, it seems. However, here is what we know about this Russian crypto exchange.
What Is This Russian Crypto Exchange All About?
The new Russian crypto exchange seems to be a very elite event. The Russian news outlet RBC ru mentioned this in an article. The Russian Ministry of Finance and the Central Bank of Russia are working on this together. See the original article below.
Source: RBC.ru
Anton Siluanov, the finance minister, announced the plan recently. This was during a government meeting. The plan is to make crypto legal again in Russia. In 2021, Russia banned crypto for payments. So, this new crypto exchange allows trading. However, it is still unclear if the Russian government will allow for crypto payments. Still, we see an effort by Russian officials to bring crypto back into the Russian public domain.
How Can You Qualify?
So, this brings us to the next question. How can Russians qualify for this crypto exchange? Well, the first outline seems only to suit the wealthy Russians. You will need either,
- Holding of at least ₽100 million (about $1.2 million) in assets. Like securities or deposits.
- Or have a yearly income of over ₽50 million (around $600,000).
BREAKING: 
Russia’s new crypto exchange, run by Central Bank & Finance Ministry, targets super-rich investors with 100M+ rubles ($1.2M) or 50M+ rubles ($600K) income.Launching in 6 months under strict ELR rules. Crypto for trade, not payments. #RussiaCrypto pic.twitter.com/PIRiOrGAWT
— The Crypto Times (@CryptoTimes_io) April 24, 2025
So, these are fairly strict criteria, and not every Russian person will qualify. However, Osman Kabaloev stated that these criteria aren’t finalized yet. He’s a senior official at the finance ministry. Still, you get the idea, this will most likely be for elite Russians only.Â
The Moscow Exchange is ready to add crypto derivatives to its offerings. However, it will first wait util regulation is in place. Vladimir Krekoten made a statement, he’s the CEO of sales and business development. Following this, the Saint Petersburg Stock Exchange (SPB) showed a similar interest.Â
However, not all Russian officials are open to the idea of having crypto back in the country. Or, let alone, a crypto exchange. Still, if Putin is in favor, it will most likely happen.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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