Post
Topic
Board Bitcoin Discussion
Re: Russian finance ministry, central bank weigh crypto trading pilot for top-tier i
by
freedomgo
on 12/03/2025, 13:57:07 UTC
It should be safer through banks since, in general, banks have insurance coverage, but how that applies to crypto is still unclear. It’s something worth looking into, especially in terms of how funds are protected in case of hacks or insolvency.
We are going to know about how it would be if more details about it come out. This is only the information about it yet.
I read more articles about this topic, and it turns out that the main reason the central bank set a $250K minimum balance is to mitigate risk. The assumption is that if someone holds that kind of portfolio, they are already experts in their field and are expected to understand market volatility and know how to manage risks effectively.