The Ministry of Finance of Russia launches an experimental cryptocurrency initiative for superqualified investors within the framework of a new legal system

The Ministry of Finance of Russia has announced the launch of an experimental initiative on cryptocurrencies in collaboration with the Central Bank. As part of the project, an Experimental Legal System (ELS) will be created, in which only "superqualified investors" will be able to participate. This category of investors has not yet been defined, but criteria for its formation are being developed. The Ministry hopes to launch the project in the near future upon fulfilling three conditions: the creation of the system, the definition of investors, and the development of risk control measures.