The Russian State Duma is currently working on defining a regulatory framework for a possible establishment of a national cryptocurrency exchange. A study is currently being drafted by the stakeholders before being submitted to the Russian government and the Bank of Russia.
Russia wants its cryptocurrency exchange
According to information reported by the Russian daily Vedomosti, the lower house of the Federal Assembly of Russia, also known as the State Duma, is actively considering the establishment of a regulatory framework regarding the creation of a national cryptocurrency exchange.
The project is currently only at the preliminary stage, and would require an in-depth study of the current state of the market. before being submitted to the Russian government and the Bank of Russiawhich has only very recently shown support for the use of cryptocurrencies as a means of payment.
According Sergey Altukhovmember of the Russian Economic Policy Committee, it is essential to precisely determine the conditions under which cryptocurrencies must be legalized within the country, in particular in order not to offend the position of the Central Bank:
“It makes no sense to say that cryptocurrencies don’t exist, but the problem is that they are circulating in great flux without any government regulation. This is billions of rubles of lost budget revenue in the form of taxes. »
In June, Anatoly Aksakovthe head of the Duma’s Financial Market Committee, had discussed the possibility of linking a Russian cryptocurrency exchange to the Moscow Stock Exchange, which he also calls a“respectable organization with long traditions”.
A news that also echoes the withdrawal of the main exchanges from Russian territory since the conflict between Moscow and Ukraine, like Kraken, Crypto.com or Blockchain.com.
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Source : Vedomosti
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