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

S&P Lowers Tether Rating: Concerns Over Risky Reserves and CEO's Claims of Innovation

- S&P Global downgraded Tether's USDT to "weak" (5) due to increased exposure to volatile assets like Bitcoin (5.6% of reserves) and transparency gaps in custodians and reserve management. - Tether CEO Paolo Ardoino dismissed the downgrade as traditional finance's "loathing" of digital assets, emphasizing the firm's overcapitalization and resilience through market crises. - Chinese traders reacted with skepticism and anxiety to the downgrade, despite USDT's $184B market cap and its role as a backbone of th

Bitget-RWA2025/11/30 14:40

Ethereum Updates: Bulls Eye $3,468 Amid Emerging Bearish Signals

- Ethereum showed early rebound signs as RSI rose from oversold levels and MACD signaled bullish momentum, though Death Cross patterns highlighted lingering bearish risks. - Bitcoin's rebound above $90,000 revived BlackRock ETF profitability, with $3.2B in unrealized gains, contrasting Ethereum's struggle to break above $3,468 EMA. - Market caution persisted as BitDegree Fear & Greed Index remained in "Fear" territory at 28, reflecting regulatory uncertainty and sideways crypto trading dynamics. - Structur

Bitget-RWA2025/11/30 14:40
Ethereum Updates: Bulls Eye $3,468 Amid Emerging Bearish Signals

Ethereum News Today: Ethereum’s Fusaka: Achieving 100,000 TPS While Maintaining Decentralization

- Ethereum developers are finalizing the Fusaka upgrade (Dec 3), introducing PeerDAS to reduce data verification costs and boost layer-2 scalability. - The upgrade enables 100,000+ TPS via BPO forks and 60M gas limit increases, enhancing transaction throughput while maintaining decentralization. - Historical context includes prior upgrades (Merge, Dencun) and market reactions showing mixed sentiment despite improved technical metrics. - Security features like EIP-7934 (10MB block cap) and deterministic pro

Bitget-RWA2025/11/30 14:22
Ethereum News Today: Ethereum’s Fusaka: Achieving 100,000 TPS While Maintaining Decentralization

Bitcoin Updates: BlackRock's ETF Surges as Competitors Struggle—Is This the Next Benchmark for Crypto?

- BlackRock's IBIT ETF became its top revenue source with $42.8M inflows, outperforming rivals like FBTC (-$33.3M). - Growing investor demand for regulated Bitcoin exposure highlights shifting preferences toward established asset managers. - Sustained inflows reflect institutional adoption trends and hedging against macroeconomic risks via compliant BTC access. - ETF liquidity and transparency advantages position them as bridges between traditional finance and digital assets. - Market watchers monitor flow

Bitget-RWA2025/11/30 14:22
Bitcoin Updates: BlackRock's ETF Surges as Competitors Struggle—Is This the Next Benchmark for Crypto?