Russia supports crypto exchange in a new ascent

29. Mai 2023

Sophie Müller

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according to a new report, Russia seems to have given up plans for a state cryptocurrency exchange.
instead a framework is to be created to support the exchange of cryptocurrencies and digital assets in cross -border transactions.
The news was reported today by a local media company, citing comments by Anatoly Aksakov, the chairman of the State Duma financial market committee.

According to the latest crypto messages from the country, Russia consider the use of cryptocurrency exchanges in order to facilitate the processing of cross-border transactions.

Local media publication izvestiya Russia gives plans for a national crypto exchange on

reported as a coin journal Last November, Russian authorities had indicated plans to set up a state cryptocurrency exchange. The state's finance minister, Anton Siluanov, also came back to this idea in April and referred to the efforts to introduce a new payment system with cryptocurrencies.

As Izvestiya reported today, the country seems to put these plans on hold in favor of a new framework to support the crypto exchange.

Anatoly Aksakov, the publication, cited the chairman of the State Duma Financial Market Committee. According to Aksakov, Russia is now aiming for the introduction of a framework that provides for rules for the use of crypto exchanges for cross-border processing.

The plans were supported by the Ministry of Finance, which was reportedly against the introduction of a single national stock exchange for digital assets.

Ivan Chebeskov, director of finance policy in the Ministry of Finance, told Izvestia that the ministry focused on proper and comprehensive regulation of cryptocurrencies.

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Source: Coinlist.me

Russia supports crypto exchange in a new ascent

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