Ministers, Central Bank Discuss ‘Creating Russian Crypto Exchanges’
Moscow ministers and the nation’s Central Bank are discussing a plan to “create” Russian crypto exchanges, as the country continues to pivot to cryptoassets.
Per the state-run news agency TASS, Anton Siluanov, the Minister of Finance has held talks with the bank about the proposed “creation of legal crypto exchanges in Russia.”
Siluanov said that the parties had not yet settled on a mutually agreeable “solution.”
But he claimed that a breakthrough may be close, and that the relevant legislation “may be ready for the fall session” of the State Duma.
“We have legalized our own mining industry and the possibility of paying for foreign [goods and services] with the Bitcoin we mine. Now a question of additional regulation remains – namely, the creation of our own legal crypto exchanges.”
The minister noted that existing Russian crypto exchanges still operate in a regulatory “grey zone.”
Under Russian law, crypto exchanges have no legal status and are not regulated by any Russian governmental body.
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