Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Russia is building its own crypto ortress

Russia is building its own crypto ortress

KriptoworldKriptoworld2025/10/04 16:00
By:by kriptoworld

Russia is cooking up its own secret sauce for cryptocurrency, aiming to build a so-called sovereign crypto infrastructure that promises to shake things up both legally and in the market.

No more riding on the coattails of others. This is Russia’s standalone crypto game, backed by none other than the Bank of Russia .

Conservative approach

Deputy Finance Minister Ivan Chebeskov spilled the beans, the crypto scene in Russia has been kicking and screaming for a proper system to handle mining and transactions.

He said the market is basically begging for it, and the government is finally answering the call.

This move is a clear message, crypto assets are now a serious player in Russia’s economic arena.

But don’t think Russia is diving headfirst into the crypto chaos. Instead, it’s crafting an experimental legal framework that lets crypto trading happen, but only under tight regulation and for a select group of qualified investors.

The Bank of Russia is sticking to its guns, firmly stating crypto isn’t considered actual payment. This keeps the approach cautiously conservative, mixing a bit of progress with a lot of control.

Homegrown systems

The whole show is designed to build trust and keep the crypto wild west from turning into a financial free-for-all.

Mining operations and crypto trades will fall under the watchful eyes of government regulators, aiming to stop illegal activities and minimize financial risks that scared off many before.

Why is Russia betting big on this? Sovereign infrastructure means more than just domestic bragging rights.

It gives Russia a leg up in regulating cryptocurrencies on its terms and maybe even a way to dodge global sanctions by relying on homegrown systems.

Think better security, tighter compliance, and smoother access for the big institutional players looking to dip their toes, or plunge headfirst, into digital finance.

Nation-level trend

And the thing is that Russia’s move is no isolated act.

The crypto playbook is getting crowded, with countries like China rolling out their own digital yuan and the European Union toying with the digital euro.

Everyone wants a piece of the digital currency pie, but Russia’s version insists on keeping a strong grip on the reins.

Russia is building its own crypto ortress image 0 Russia is building its own crypto ortress image 1
Written by András Mészáros
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles

With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

LUNA Declines by 0.14% as Market Downturn Persists

- LUNA fell 0.14% on Nov 30 2025, extending its 82.52% annual decline amid crypto market weakness and structural shifts. - DTCC's tokenized collateral platform announcement highlights growing institutional blockchain adoption, though unrelated to LUNA's price action. - Tether's Uruguay exit due to energy costs and regulatory hurdles underscores operational challenges facing energy-intensive crypto projects. - Alt5 Sigma's leadership turmoil reflects governance risks in crypto firms, amplifying volatility c

Bitget-RWA2025/11/30 06:08
LUNA Declines by 0.14% as Market Downturn Persists

Bitcoin Updates: Metaplanet Secures $130 Million Loan to Acquire Bitcoin, Pursuing 1% Supply Goal Despite Market Slump

- Metaplanet borrows $130M to buy Bitcoin , using BTC as collateral amid market downturn. - Funds will expand BTC holdings to 1% of total supply by 2027, mirroring Strategy’s approach. - Loan terms include floating rates and early repayment, with $2.7B BTC reserves as collateral. - Company also raises $135M via preferred shares, as Japan firms push crypto adoption. - Leaders remain bullish on long-term BTC value despite 20% unrealized losses and market volatility.

Bitget-RWA2025/11/30 05:34