Russia Develops Framework for Elite Crypto Investments & ETF Products
- Russia launches legal pilot for crypto trading by super-qualified investors
- Sberbank to act as market maker and liquidity provider
- Central Bank to permit ETF-style crypto products under strict oversight
Russia’s Central Bank is moving forward with plans to launch regulated cryptocurrency investments for elite investors through a new pilot program. This framework will allow select individuals and institutions to trade digital assets within a controlled “legal sandbox” with Sberbank, the nation’s largest lender, set to support the rollout as a market maker and liquidity provider.
Experimental Legal Regime for Crypto Investments
For cautious crypto adoption, the Central Bank of Russia has launched an experimental legal regime (ELR) to allow limited cryptocurrency trading. According to RBC, the program targets a narrow group of “super-qualified investors,” defined by high income and substantial asset holdings.
Related: Russia: Anonymity in Crypto Transactions Is Now Officially a “Myth”
Alexander Zozulya, director of the global markets department at Sberbank, said the bank will participate as a liquidity provider and market maker on regul…
The post Russia Develops Framework for Elite Crypto Investments & ETF Products appeared first on Coin Edition.
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Russia Develops Framework for Elite Crypto Investments & ETF Products
- Russia launches legal pilot for crypto trading by super-qualified investors
- Sberbank to act as market maker and liquidity provider
- Central Bank to permit ETF-style crypto products under strict oversight
Russia’s Central Bank is moving forward with plans to launch regulated cryptocurrency investments for elite investors through a new pilot program. This framework will allow select individuals and institutions to trade digital assets within a controlled “legal sandbox” with Sberbank, the nation’s largest lender, set to support the rollout as a market maker and liquidity provider.
Experimental Legal Regime for Crypto Investments
For cautious crypto adoption, the Central Bank of Russia has launched an experimental legal regime (ELR) to allow limited cryptocurrency trading. According to RBC, the program targets a narrow group of “super-qualified investors,” defined by high income and substantial asset holdings.
Related: Russia: Anonymity in Crypto Transactions Is Now Officially a “Myth”
Alexander Zozulya, director of the global markets department at Sberbank, said the bank will participate as a liquidity provider and market maker on regul…
The post Russia Develops Framework for Elite Crypto Investments & ETF Products appeared first on Coin Edition.
Read More
Australia’s ASIC Initiates Civil Penalty Proceedings Against ACX Ex-Director Liang Guo