The Russian government is reportedly planning to launch a state-run cryptocurrency exchange in response to growing demand for digital assets and to facilitate sanctioned trade.
The exchange will be operated by a government entity and is expected to support major cryptocurrencies, as well as Russia’s upcoming Central Bank Digital Currency (CBDC), the digital ruble.
The move is part of Russia’s strategy to bypass economic sanctions and integrate cryptocurrencies into its financial system.
The government hopes that the exchange will attract both domestic and international traders looking to engage in crypto transactions with greater regulatory oversight.
