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.”
Both these assets have earned their place as leaders, but the next 10 years could be tough for one of them.
Bitcoin(BTC +3.22%) and XRP(XRP +6.34%) aren’t trying to win in the same game. One is competing to be the store of value asset that people trust when governments are printing money. The other is vying to be useful plumbing inside institutional financial workflows.
During the next 10 years, those two assets are thus likely to perform very differently. Let’s examine the case for buying and holding each of them, and figure out which one is better.
Image source: Getty Images.
Bitcoin doesn’t need to change much to succeed
Bitcoin is one of the few cryptocurrencies that has survived for more than 10 years. Its odds of surviving the next 10 years are quite high, because the features that made it a good investment in the past are still operating on behalf of holders.
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Specifically, Bitcoin’s supply is as constrained as ever. New coin issuance is cut in half on a regular schedule, and the supply is capped at 21 million coins (about 20 million already are in circulation). That isn’t going to change, which means as long as there is at least some demand, its price is biased to the upside over the long term. Its legacy as a store of value, while still in its infancy, is more likely to consolidate than peter out as time passes.
Today’s Change
(3.22%) $2168.69
Current Price
$69455.00
Key Data Points
Market Cap
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$1.4T
Day’s Range
$67217.00 – $70434.00
52wk Range
$60255.56 – $126079.89
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Volume
46B
Furthermore, Bitcoin is the largest cryptocurrency by market cap, with a majority share of total crypto market value, which means it’s the default yardstick for the whole sector. Owning Bitcoin as part of a balanced crypto portfolio is thus a bet that its prominence and dominance will stay intact even in the event of some future ugly years, just as it did in the past.
Of course, that didn’t stop holders from experiencing downturns of 80% or more, but Bitcoin’s price can fluctuate tremendously without compromising the coin’s investment thesis.
XRP’s moat isn’t as large
For XRP to win during the next 10 years as it did during the past 10 years, there will need to be wider adoption of the XRP Ledger (XRPL) across three axes: as a payments and settlement network, as a tokenized asset management platform, and as a set of financial tools for institutional investors and traders. It’s making credible inroads in those arenas, and it will likely succeed in at least one of them.
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Today’s Change
(6.34%) $0.09
Current Price
$1.46
Key Data Points
Market Cap
$89B
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Day’s Range
$1.37 – $1.47
52wk Range
$1.14 – $3.65
Volume
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2.6B
But compared to Bitcoin, the trouble with XRP is that it simply has a lot of competition in all three of those verticals today, and there will probably be even more competition in the near future and beyond. The coin could thus bid to become the future of cryptocurrency, only to lose later on when other players encroach on its turf.
That makes it hard to believe that XRP can see its price rise smoothly without continuously winning at least some of its many competitive fights over time — and continuous execution is a very high bar to clear during a 10-year time span.
So, Bitcoin is the better cryptocurrency to invest in if you’re willing to hold it for a long time. XRP isn’t a bad pick. It’s just that it will have to face and overcome many difficult obstacles, while Bitcoin simply doesn’t need to.
WASHINGTON (7News) — Recent positive economic indicators have come out like a lower-than-expected January inflation rate and a strong jobs report. Financial expert Ric Edelman explained the resilience of the economy and what’s going on with cryptocurrency.
“It’s proving to be surprisingly resilient. The jobs data was very good that just came out, unemployment rate remains low. Interest rates are stable and hopefully coming down. Overall, consumer prices are doing okay as well,” said Eldelman.
RELATED | Job growth beats forecast. Is the economy rebounding?
“A lot of folks have been widely fearing a recession. It doesn’t seem to be in sight at any moment, but there are continuing concerns: the tariffs, global economics. And in fact, if you look closely at the jobs data, almost all the jobs created in this last report were in the healthcare sector, which doesn’t spell well for the overall economy, just that one sector. So there is some weakness, and this is why investors remain a little bit nervous,” said Eldelman.
Younger Americans are buying Bitcoin and other cryptocurrencies, seeing it as a path to the American dream.
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“This particular crypto winter, as it’s called. It’s the ninth time Bitcoin has fallen this much. Came out of nowhere, and it surprised everybody, including me,” said Eldelman.
“We basically are seeing a tale of two cities. On the one hand, prices are down dramatically over the past couple of months. They may fall even further yet. But if you look beyond the numbers at the fundamental growth and development of the technology, it’s all looking really very exciting.”
For investors, Eldelman had the following advice:
This is a period of extreme uncertainty… And for that reason, you should do two things. Number one, continue invest slowly but steadily. In other words, not a single lump sum, but invest a little bit every month on a regular basis. And second, stay focused on 10 years from now, not 10 days from now.
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Financial expert Ric Edelman has the latest economic outlook (7News).{ }
Toronto, ON, Feb. 12, 2026 (GLOBE NEWSWIRE) — As cryptocurrency adoption continues to expand among investors on both sides of the border, understanding the tax treatment of digital assets has become increasingly important. Cardinal Point Wealth Management has published a new educational blog post, How the Canada Revenue Agency Taxes Cryptocurrency, offering timely guidance on how crypto transactions are treated under Canadian tax law and what investors need to know to remain compliant.
Understanding CRA’s Approach to Cryptocurrency
The article provides a clear overview of how the Canada Revenue Agency (CRA) classifies cryptocurrency, including when crypto transactions may be treated as capital gains versus business income. It also explains how the CRA views cryptocurrency as a commodity rather than legal tender, a distinction that has important tax implications for investors.
Common Taxable Cryptocurrency Transactions
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The blog outlines several common taxable events involving cryptocurrency, including trading digital assets, selling cryptocurrency for fiat currency, mining activities, and using cryptocurrency to purchase goods or services. With enforcement and reporting scrutiny increasing, the post emphasizes the importance of maintaining accurate transaction records and understanding reporting obligations.
Cross-Border Considerations for Canada–U.S. Investors
For individuals with financial ties to both Canada and the United States, cryptocurrency taxation can be especially complex. Differences between CRA and IRS treatment, reporting requirements, and potential double-tax exposure can create unexpected liabilities. Cardinal Point’s blog highlights the importance of coordinated tax and financial planning for cross-border investors navigating the evolving digital asset landscape.
Key Takeaways
Cryptocurrency is taxable in Canada, and its treatment depends on the nature of the transaction
Trading, selling, mining, and spending cryptocurrency may trigger tax obligations
Recordkeeping is critical to remain compliant with CRA reporting requirements
Cross-border investors face added complexity and should seek integrated planning advice
The full blog post is available here: https://cardinalpointwealth.com/2026/01/28/how-the-canada-revenue-agency-taxes-cryptocurrency/
About Cardinal Point Wealth Management
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Cardinal Point Wealth Management provides integrated financial, tax, and estate planning services for individuals and families with financial ties to Canada and the United States. The firm specializes in helping clients navigate complex cross-border financial matters and is a recognized leader in cross-border wealth management and Canada U.S. financial planning,
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact Company Name: Cardinal Point Wealth Management, ULC Contact Person: Kris Rossignoli, Senior Private Wealth Manager Email: info@cardinalpointwealth.com Country: USA Website: www.cardinalpointwealth.com
