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

Zcash Latest Updates: Crypto in 2025—The Paradox of Progress Amid Rising Regulatory and Security Hurdles

- Grayscale's Zcash ETF filing highlights growing institutional interest in privacy coins, with ZEC surging over 1,000% year-to-date. - BNB's price decline below $900 contrasts with Zcash's rise, exposing divergent crypto market dynamics between privacy and utility tokens. - Securitize's EU-approved tokenized securities platform on Avalanche aims to digitize $18 trillion in assets by 2033, pending regulatory alignment. - ALT5's volatile treasury model and Upbit's $36M hack underscore 2025's dual-edged inno

Bitget-RWA2025/11/30 21:46
Zcash Latest Updates: Crypto in 2025—The Paradox of Progress Amid Rising Regulatory and Security Hurdles

The Influence of City Infrastructure Funding on the Value of Commercial Properties: Insights from Webster, NY

- Webster , NY, transformed a 300-acre brownfield into a high-tech industrial hub using FAST NY and BOA grants. - Infrastructure upgrades like road realignment and power modernization boosted industrial demand, slashing vacancy rates to 2%. - Public-private partnerships enabled $650M projects like fairlife® dairy, creating 250 jobs and raising residential property values by 10.1%. - Strategic rezoning and wastewater upgrades diversified Webster’s economy, positioning it as a logistics hub near Buffalo’s tr

Bitget-RWA2025/11/30 21:44
The Influence of City Infrastructure Funding on the Value of Commercial Properties: Insights from Webster, NY

GeeFi’s Practical Ecosystem Challenges Avalanche’s Speculative Ambitions

- Avalanche (AVAX) fell to $14.94, with short-term volatility and long-term $326/2031 forecasts, contrasting GeeFi (GEE)'s $0.05 presale surge. - GeeFi's $300K+ presale (6.2M tokens sold) highlights its 3,900% ROI potential via a multi-chain wallet and 55% APR staking. - GEE's deflationary model and real-world crypto tools (DEX, spending card) challenge AVAX's speculative reliance on network upgrades. - With 80% Phase 1 completion and 700+ investors, GeeFi's urgency contrasts Avalanche's stagnant $13–$14 s

Bitget-RWA2025/11/30 21:32
GeeFi’s Practical Ecosystem Challenges Avalanche’s Speculative Ambitions

PENGU Token's Technical Surge and Changing Market Sentiment: A Brief Momentum Opportunity Among Altcoins

- PENGU Token offers high-risk, high-reward potential for short-term momentum traders, driven by technical indicators and ecosystem growth. - Structural risks like regulatory uncertainty and declining NFT demand pose significant challenges to its volatility-driven strategy. - Traders are advised to use tight stop-loss orders and position sizing, treating PENGU as a speculative, short-term play. - The upcoming Cboe ETF decision will be pivotal in determining PENGU's transition from volatile altcoin to viabl

Bitget-RWA2025/11/30 21:28