‘No Consensus on Launching State-run Crypto Exchanges’ – Russian Lawmaker
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
The Russian government and Central Bank are “yet to reach a consensus” on the launch of a state-run crypto exchange, a top lawmaker claimed on September 3.
The comments came from the main architect of Russia’s crypto legislation, Anatoly Aksakov in an interview with TASS. Aksakov is the Chairman of the State Duma’s Committee on the Financial Markets.
Aksakov appeared to pour cold water on recent claims by Finance Minister Anton Siluanov.
Last month, the minister said lawmakers could approve multiple crypto exchanges in the State Duma’s upcoming fall session.
“There is no clear and unified legal mechanism for the creation and operation of crypto exchanges. The Ministry of Finance and the Central Bank are actively discussing the issue of creating crypto exchanges in the Russian Federation. But a consensus has not yet been reached.”
Aksakov added that the “main reason for the delay” was “the need to develop an optimal legal framework for the operation of crypto exchanges.” He said:
“There are also disagreements about how exactly [the government and the bank] can protect the interests of all [crypto exchange] market participants.”
The lawmaker said the government would seek to “define general rules that will be developed jointly with the government” and regulatory bodies.
And he added that the Central Bank would have “the opportunity to establish specific rules and procedures” for “the operation of crypto exchanges.”
Aksakov also confirmed reports that Moscow had floated plans to launch crypto exchanges at the nation’s two biggest
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