Russia wants to start a “national cryptocurrency exchange”
Join Our Telegram channel to stay up to date on breaking news coverage The creation of a national cryptocurrency exchange is being worked on by Russian legislators. According to reports, the Ministry of Finance and the Central Bank of Russia, which have a protracted history of conflict over crypto legislation in the nation, both support this initiative. The Duma, the lower house of the Russian government, has been in talks with market participants about changes to the country’s current cryptocurrency legislation “On digital financial assets,” according to local media reports from Nov. 23. The central bank will first get a presentation of the revisions, which would establish the legal foundation for a national exchange. In collaboration with market participants, local legislators are drafting revisions to the current “On Digital Financial Assets” law The economic wisdom of such measures was emphasized by Sergey Altuhov, a member of the Duma’s...