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Tatarstan joins the race to open the first Russian cryptocurrency exchange

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Tatarstan joins the race to open the first Russian cryptocurrency exchange

Realnoe Vremya found out the prospects of the republic for participation in the experiment

Photo: Максим Платонов

The first Russian crypto exchange has every chance to open in Tatarstan, State Duma deputy from Tatarstan, member of the Duma Committee on Budget and Taxes Ayrat Farrakhov told Realnoe Vremya. The legislative decision on the creation of a crypto exchange is planned to be prepared for the autumn session. About the bonuses that our republic will receive if it bypasses competitors in the competition for the right to become an experimental platform for finalising the legal regime of cryptocurrency exchange trading, as well as about the pitfalls that await pioneers along this path — read in our material.

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“It opens up new opportunities for the region”

From September 1, the Bank of Russia may approve a program of an experimental legal regime for such trades. Official crypto exchanges in the country can be created for a period of 2 years under an experimental legal regime. This was announced by State Duma deputy from Tatarstan Airat Farrakhov, noting that Tatarstan today is the best region for opening the first crypto exchange.

“It is in our republic that there are all the conditions for creating a crypto exchange,” he told Realnoe Vremya. “They can be briefly described in three words — engagement, readiness, economy controllability. We have the most powerful infrastructure, and the expert and professional potential of the republic makes it the best platform for the implementation of such a project. No decision has been made yet, but Tatarstan may well be entrusted with its implementation.”

In his opinion, the leading regions of Russia, primarily Moscow and St. Petersburg, can compete with our republic in the struggle for the right to become pioneers. The prospect of becoming a platform for the first Russian crypto exchange opens up opportunities for the region to make a huge leap forward in several areas at once — this is an innovative activity that allows payments to be made on a global scale, as well as the development of enterprises engaged in cybersecurity and software developments.

“In connection with the sanctions, the Russian economy is experiencing great problems, in particular with the implementation of payments between friendly countries,” said Farrakhov. “And the development of the crypto exchange will be a serious step in this direction. But this is a tactical task that is being solved in the course of the implementation of the crypto exchange project. And there are also strategic goals: a new type of economic activity is emerging, which has not yet existed. This will ensure the formation of new professional qualities among employees.”

When asked by Realnoe Vremya what prerequisites Tatarstan has for the successful implementation of the crypto exchange project, the deputy listed: developed infrastructure, the presence of technoparks, Innopolis, as well as the development strategy of the republic itself.

“This may become a good driver for the development of its IT industry”

Yan Art, a financial expert, member of the RSPP (Russian Union of Industrialists and Entrepreneurs) Commission on Banks and Banking, Candidate of Economics believes that the opening of the first cryptocurrency exchange in itself will be an extremely positive event, and if it opens in Tatarstan, it will be a serious impetus for the further development of the republic’s economy.

“There are three types of legislation in the world that have been implemented in recent years in relation to cryptocurrencies in general and mining in particular,” he told Realnoe Vremya. “The first one is absolutely liberal, the most extreme version of it was implemented in El Salvador, where bitcoin was made a means of payment. It is dangerous because the situation can get out of control. The second way is a weighted average one, when mining is regulated and controlled, since cryptocurrencies by and large violate the 500-year monopoly of state money issuance. And the third one is to ban everything. In my opinion, it is very positive that Russia has followed the second path, like most countries of the world, realising that this is part of technical and information progress.”

Yan Art stressed that the crypto exchange has huge differences from the usual one, and therefore new specialists and even new professions will be required for its organisation and operation, primarily in the field of IT technologies:

“The crypto exchange is also an organisation of electronic trading, the principle of organising trading is the same as on a classical exchange, but the essence of assets is completely different. Therefore, for Tatarstan, the opening of a cryptocurrency exchange can be a good driver for the development of its IT industry.”

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It is important that after the legalisation of mining in Russia, the interests of citizens who consume electric energy are protected by controlling the consumption of electricity for mining in residential buildings. Максим Платонов / realnoevremya.ru

At the same time, the expert of the publication noted, it is important that after the legalisation of mining in Russia, the interests of citizens who consume electric energy are protected by controlling the consumption of electricity for mining in residential buildings.

“If the exchange will trade stablecoins, it will be reasonable”

Andrey Kochetkov, a Realnoe Vremya expert and private investment consultant, is more careful in his statements about the prospects of cryptocurrency exchange trading.

“The crypto market is a very complex entity,” he argues. “Let’s start with that the cryptocurrency has no economic background, it is the work of some computing power to create a unique cryptographic code. The so-called stablecoins are of great relevance — they are a crypto asset backed by real assets. And if the exchange will trade stablecoins, it will be reasonable.”

“Cryptocurrency has no economic underpinning.”. Максим Платонов / realnoevremya.ru

But the very appearance of a crypto exchange on the territory of Tatarstan, in his opinion, in any case, will be useful for the republic primarily because its opening will ensure the emergence of new jobs.

“If cryptocurrency trading is allowed on the territory of the Russian Federation, then the appearance of such an exchange will most likely not be a completely private enterprise, but will involve some kind of state participation or strong state control. Such platform may turn out to be more stable than many exchanges in the world, which are essentially offshore enterprises that are not controlled in any way.”

For the legalisation of cryptocurrencies and the crypto market, Kochetkov sees only advantages in opening a crypto exchange, but in his cautious assessments of the prospects of a new enterprise, he proceeds from that the cryptocurrency market today is built mainly on trust and interest in these assets. He stressed that he has a very high volatility on which one can earn, but they can easily lose a lot of money:

“For individuals, this is probably an unnecessary temptation and they should not give in to it right away, it is better to study the functioning of this market, because cryptocurrencies, unlike stocks or just currencies, are a completely different sphere, no economic principles work there.”

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Inna Serova


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Crypto

Upcoming ‘Bitcoin’ Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity

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Upcoming ‘Bitcoin’ Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity

Key Takeaways:

  • New Bitcoin film stars Casey Affleck and Gal Gadot, probing Satoshi Nakamoto’s identity.
  • Craig Wright’s disputed role deepens divisions across Bitcoin developers and market participants.
  • Industry reaction may polarize further as the film revives debate over Bitcoin’s origins.

Bitcoin Creator Dispute Moves Into Mainstream Film

The mystery surrounding Bitcoin’s creator is moving into the mainstream as “ Bitcoin,” previously referred to in online reports as “ Bitcoin: Killing Satoshi,” adapts one of crypto’s most contested debates to the screen. Ahead of the Cannes market, Patrick Wachsberger’s 193, a film sales and production company, launched international sales on the project, signaling a push to global buyers. Around the same time, Acme AI & FX, the production company behind the film, confirmed it had wrapped production on the Doug Liman-directed feature. The movie, described as the “first fully-generated, studio-quality AI feature film,” centers on the unresolved question of who created Bitcoin and why that issue continues to influence industry discussions and market perception.

The story follows Charlotte “Lotte” Miller, a war correspondent played by Gal Gadot, who is recruited by blockchain investor Calvin Ayre, portrayed by Pete Davidson, to write an investigative report on Australian computer scientist Craig Wright. Casey Affleck plays Wright, with Isla Fisher also appearing in the cast. The film was written by Nick Schenk and produced by Ryan Kavanaugh and Lawrence Grey, with production beginning at the end of February. The synopsis described the film:

“A high-stakes conspiracy thriller that asks the question no one in power wants answered.”

A longer description presents the movie as the story of one man’s effort to prove he created Bitcoin, a claim that allegedly puts his life in danger and sparks a global controversy involving tech billionaires, world leaders, and the future of the financial system.

Craig Wright Claims Renew Industry Polarization

From a Bitcoin industry standpoint, the film enters a highly disputed issue. Wright’s claim that he is Satoshi Nakamoto has been challenged for years by developers, researchers, and other participants in the sector, many of whom point to the lack of accepted cryptographic proof. A 2024 U.K. court ruling also rejected his claim, adding legal weight to that skepticism. Within parts of the BTC community, Wright is widely referred to as “Faketoshi,” and critics have accused him of fraud tied to those assertions.

The production approach has also drawn attention, as the “fully-generated” label refers largely to AI-built environments and visuals, while actors perform traditionally with digital settings added in post-production. At the same time, the subject matter is likely to drive industry reaction, as many bitcoiners view the claims as legally and technically discredited rather than unresolved.

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That divide helps explain why the film is likely to provoke a polarized response across crypto. Many will see it as reopening a debate already settled by legal findings and technical evidence, while others may view it as an attempt to revisit unanswered questions around motive and power. The synopsis stated:

“All this leads Lotte, and the audience, to the central question — If Craig Wright didn’t invent Bitcoin, why is a coalition controlling trillions in global wealth spending hundreds of millions and risking everything to destroy him?”

“This is an exciting and gripping story, set in the mysterious and high-stakes real world of crypto,” Wachsberger told Deadline. The positioning underscores how the film is being framed, not just as a thriller, but as a mainstream take on one of bitcoin’s most contested narratives, where claims have long been weighed against verifiable proof.

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1 Cryptocurrency to Buy While It’s Under $80,000

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1 Cryptocurrency to Buy While It’s Under ,000

Key Points

  • Investor pessimism toward the digital asset market has driven this top cryptocurrency 40% off its record high from last October.

  • History reveals that fiat currencies often end in collapse, paving the way for this innovative monetary asset to find greater adoption across the global economy.

  • Besides being electronic, scarcity and neutrality support this cryptocurrency’s value proposition.

It hasn’t been an enjoyable time if you have money tied up in cryptocurrencies. After the market’s valuation peaked at $4.4 trillion in October, we’ve witnessed a downward spiral that has resulted in that figure plummeting to $2.6 trillion today (as of April 17).

On the other hand, the S&P 500 index climbed 5% during the same time. It’s completely understandable if people want to forget about digital assets. They aren’t the easiest to hold; it’s hard to handle the volatility.

Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »

However, a monster opportunity is staring investors in the face. Here’s the cryptocurrency to buy right now, especially since it trades under $80,000.

Image source: Getty Images.

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It usually doesn’t end well for fiat currencies

It’s time to shine the spotlight on Bitcoin(CRYPTO: BTC), the world’s first and most valuable cryptocurrency, with a market cap of $1.5 trillion. Bitcoin is a decentralized monetary network that was built to allow anyone in the world to transfer value to anyone else anywhere in the world without the use of an intermediary. It was a technological breakthrough at the time. And it still is today.

To understand the enormous importance of a completely novel monetary network to emerge, one that’s digital, immutable, and not controlled by anyone, it requires looking at the past. Fiat currencies, like the U.S. dollar, have a troubled history.

Since President Richard Nixon ended the convertibility of U.S. dollars to gold in 1971, the world economy has operated on government-backed, or fiat, currencies. The U.S. dollar has been the global reserve currency.

But the track record is impossible to ignore. Fiat currencies often end in collapse. Before the U.S. dollar’s current reign, it was the British Pound sterling. Over time, inflation decreases purchasing power, sometimes rapidly.

Is the writing on the wall for the U.S. dollar? Persistent fiscal deficits in the U.S., an ever-expanding debt burden that’s nearing $40 trillion, loss of public confidence and trust, and political instability are all clear signs that cracks in the system are forming.

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While unsustainable things can go on for much longer than people anticipate, perhaps it’s only a matter of time before the U.S. dollar’s dominance comes to an end. And Bitcoin appears well-positioned to be a winner from this development.

The history lesson naturally leads to Bitcoin

After gaining more knowledge about the history of fiat currencies, investors will figure out the best ways to allocate capital to maintain and grow their purchasing power over the next decade. High-quality stocks, particularly in businesses that possess pricing power, present one idea. Real estate and commodities are also interesting if you have expertise in these areas.

Gold also comes to mind. It might not be a coincidence that the precious metal’s price doubled in the past two years. Those in charge of large pools of capital might be considering some of the variables that I just discussed, leading them to direct money toward an asset that has been viewed as a top store of value for millennia.

I believe, however, that Bitcoin is the best bet if you think there’s even a tiny chance that the U.S. dollar will collapse as its predecessors did.

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Bitcoin is superior to gold, in my opinion. It’s purely digital, while also being divisible, allowing people to transact with it. It’s borderless and portable. And it’s finite, with a hard supply cap of 21 million units. It makes sense that a neutral monetary asset would succeed, or at least rise alongside, the U.S. dollar’s run. Individuals, corporations, financial institutions, and governments should gravitate toward the supreme cryptocurrency.

And that supports a much higher price a decade from now, with the upside even bigger on a longer time horizon. With Bitcoin trading 40% off its peak, at a price that’s under $80,000 right now, investors have the opportunity to buy what could end up being the dominant financial instrument in the economy one day.

Should you buy stock in Bitcoin right now?

Before you buy stock in Bitcoin, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $524,786!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,236,406!*

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Now, it’s worth noting Stock Advisor’s total average return is 994% — a market-crushing outperformance compared to 199% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

*Stock Advisor returns as of April 19, 2026.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

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Arthur Hayes Warns Bitcoin May Stall Until Liquidity Returns

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Arthur Hayes Warns Bitcoin May Stall Until Liquidity Returns

Key Takeaways:

  • Arthur Hayes ties bitcoin’s outlook to global liquidity, with upside dependent on policy-driven liquidity.
  • Geopolitics create a bearish setup as war risk, deleveraging, and AI-driven stress weigh on markets.
  • Liquidity injections could lift bitcoin once credit stress forces intervention.

Bitcoin Outlook Hinges on Liquidity

Arthur Hayes’ latest market note, titled “No Trade Zone,” signals that bitcoin’s outlook is increasingly tied to global liquidity conditions rather than traditional macro indicators. On April 15, the Bitmex co-founder and Maelstrom CIO outlined a cautious stance, citing geopolitical tensions and artificial intelligence-driven economic risks as key constraints. The essay presents BTC as vulnerable in the short term but positioned to respond to future monetary expansion.

Hayes centered his outlook on monetary conditions rather than conventional valuation models. He asked, “Do you believe the quantity or the price of money is more important when valuing bitcoin?” He then answered with a direct thesis:

“I believe the quantity of money determines the price of bitcoin, not its price.”

That view underpins his broader market framework, which expects bitcoin to struggle during periods of forced deleveraging, then strengthen when policymakers expand credit. He tied that dynamic to several geopolitical outcomes involving the Strait of Hormuz, as well as to a domestic economic slowdown driven by job losses among white-collar workers. In Hayes’ view, those pressures could hit credit quality, weigh on banks, and delay any durable crypto rally until authorities supply fresh liquidity to stabilize the system.

War Risk and Credit Stress Threaten Rally

That caution appears clearly in one of the essay’s most specific forecasts. “ Bitcoin might bounce a bit after the situation reverts to the pre-war status quo,” Hayes wrote. “However, the AI agentic deflation bomb still ticks below the surface. Until the Fed provides the liquidity needed to plug the black hole in banks’ balance sheets caused by consumer credit defaults, bitcoin will not meaningfully rise.” He further shared:

“That’s not to say it couldn’t spike to $80,000 to $90,000, but for me putting new units of fiat at risk requires an all-clear from the Fed.”

The statement shows that he still sees upside potential, but not before broader financial stress is addressed.

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Hayes also warned that market stress could produce another sharp bitcoin selloff before any recovery takes hold. “As investors de-risk their portfolios because of higher volatility and lower prices, investors sell bitcoin to meet margin calls,” he described, adding: “Only when things get bad enough will bitcoin rise, as expectations of a bailout become the consensus.” In the most extreme scenario, even a liquidity-fueled rally may not last. As Hayes put it: “The rally in bitcoin, inspired by money printing, might be short-lived because the destruction of the Iranian state materially raises the prospect of WW3.” Taken together, the essay presents a conditional forecast: near-term volatility remains high, while any lasting upside still depends on crisis-era money creation.

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