New Cryptocurrency Move from the Russian Ministry of Finance!

According to Bitcoin news, Russia is preparing to make new moves for Bitcoin (BTC) and cryptocurrencies.

According to this The Russian Ministry of Finance has proposed allowing traditional exchanges such as the Moscow Exchange and the St. Petersburg Stock Exchange to offer cryptocurrency trading services to certain qualified investors.

The ministry also suggested allowing the Central Bank of Russia to begin creating an experimental cryptocurrency platform for international payments from September 1.

The Ministry’s proposal did not specify the criteria for which investors would fall into the “qualified investor” category.

Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, In his statement, he said that the stock exchanges officially registered in Russia crypto para He stated that he believes they are ready to carry out their operations and said:

“The largest Russian exchanges are already actively conducting such work in terms of how to organize market development and related work. And we think that these exchanges will also conduct cryptocurrency transactions without any problems.

“Only if the necessary legal conditions for their work are prepared, they will immediately join the process. Therefore, I do not think there will be any problems with exchanges conducting cryptocurrency transactions.”

According to the report, there are seven officially recognized, licensed and registered stock exchanges operating in Russia: Moscow Stock Exchange, St. Petersburg Stock Exchange, St. Petersburg International Commodity Exchange (SPIMEX), St. Petersburg Currency Exchange (SPCE), Eastern Exchange, National Commodity Exchange and CTS Exchange.

Advocating for comprehensive digital currency regulation Russian Ministry of Financeand previously proposed legalizing cryptocurrency exchanges in Russia.

*This is not investment advice.