Unusual move: Russia’s central bank, finance ministry to launch crypto exchange

[Stompix]

i am confused what do they mean with super qualified? and what are the restrictions for those who are not qualified?

FSB operative or family of an Oligarch, simple as that.
The whole scheme is meant to shield any transactions from public eyes, so every single one of those no longer needs to go and use external routes to clean their dirty money, they could do it with the help of the state for a small fee.

[Cornpetitor]

This restriction qualifications is really interesting. They're trying to sandbox this for a specific reason. I think we know it 

[electronicash]

what do they mean when they say "super-qualified investors."?

its like they are only limiting this exchange for whales.

and when they say crypto operations will be brought out of the shadows,” it could mean that yobit owner will finally be outed?

this is a good news though. it would be good for BTC for there will be more people in the market adopting crypto. i guess this is the result when they are trying to make international transactions

[MrSpasybo]

Despite its limitation and the very involvement of the government itself, I am viewing this move as a good news on cryptocurrency specifically on Bitcoin coming from Russia which like China also banned it years ago. This change of heart is just an experiment though and is very much limited in scope as participants will be vetted well and is not yet open to the general public. Hopefully, if this stage can be successful for the exchange, Russia can allow small investors to also participate so they can buy and sell Bitcoin and other crypto assets as allowed.

What do you think of this government-sponsored exchange and do you think this can be successful enough leading to the decision of allowing the people to also participate?

Russia doesn't have an extreme stance on crypto like China, their government often continuously changes its views due to macroeconomic impacts. They appreciate crypto and blockchain but also want to protect fiat value, so internal debates frequently occur.

Currently, under pressure from sanctions, or at least that's a plausible reason for them to change their outdated views, Russia has gradually accepted crypto in import-export and is now planning for a CEXs operated by the government. I know their main purpose is to collect taxes from crypto while preventing capital outflows as the aggressive war against Ukraine extends into its fourth year.

I don't wish them success with crypto. The success of crypto should not be tied to an invading country, crypto is not a tool to evade sanctions or generate income to sustain war. I hope Russia has the courage to withdraw from this war, after which their support for crypto will always be welcomed.

[Z-tight]

This restriction qualifications is really interesting. They're trying to sandbox this for a specific reason. I think we know it 

Yeah, very interesting, they are probably doing this to create a platform for the wealthy to trade without the worry of sanctions, since it is the government that runs it, they determine what is legitimate and acceptable. That is the only way to analyze this, and with the super qualified requirement, it is easy to understand that something may be fishy here.