Lawmaker suggests Russia should organize crypto trading at the Moscow Exchange.
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee.A crypto trading platform may be established at the Moscow Exchange , according to a statement by Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament.
The exchange suspended trading following the Russian invasion of Ukraine on Feb. 24. It also became a target of western sanctions imposed on Russia over military conflict. MOEX opened almost a month later, on March 21, but only for state bonds. He elaborated that this will ensure the Russian crypto trading platform will operate “within the framework of a respected organization with great traditions,” which is accustomed to actively interacting with the Central Bank of Russia, allowing it to “best of all cope with the task of carrying out operations with cryptocurrency.”
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