Crypto for the Rich

So, it turns out the Central Bank of Russia is like that one aunt who only lets you have a little bit of candy. ๐Ÿญ Olga Shishlyannikova, a senior official, said they’re open to talking about letting elite investors play with crypto funds. Because, you know, the 1% need more ways to get richer. ๐Ÿ’ธ

The CBR used to be super strict, but now they’re like, “Hey, qualified investors can play with crypto derivatives, but don’t even think about it, regular people!” ๐Ÿšซ It’s like they’re trying to create a crypto oligarchy or something. Shishlyannikova said any changes would require regulatory amendments, because of course they do. ๐Ÿ™„ That’ll happen in 2026, because who needs crypto regulation now, right? ๐Ÿ•ฐ๏ธ

Russia’s crypto futures market had $16 million in inflows in June, but the central bank is still like, “Meh, we don’t think people really care.” ๐Ÿค” Yeah, because $16 million is, like, nothing. ๐Ÿ’ธ Meanwhile, they’re rolling out a digital ruble and a national QR code system for payments. Because who needs cash when you can have a fancy QR code? ๐Ÿ“Š Oh, and if you try to use crypto for domestic purchases, you’ll get fined. Because, you know, freedom. ๐Ÿšซ

Crypto for the Rich

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2025-07-25 11:33