Russia plans to fully open virtual currency! Seven stock exchanges, including the Moscow and St. Petersburg stock exchanges, have been licensed

This site (120btC.coM): According to a recent report by Russia’s Interfax news agency, citing a source familiar with the Russian Ministry of Finance’s proposals, the Russian Ministry of Finance has proposed to allow specific investors to operate within the country. Licensed exchanges conduct digital currency trading. The Chairman of the State Duma Financial Market Committee also stated that everything is ready.

Licensed exchanges are expected to provide cryptocurrency trading

The registration list of exchanges and trading systems managed by the Central Bank of Russia involves licensed exchanges and trading systems operating in Russia. Currently, the registration list has seven entities , including Moscow Stock Exchange, St. Petersburg Stock Exchange, St. Petersburg International Commodity Exchange (SPIMEX), St. Petersburg Currency Exchange (SPCE), Orient Exchange, State Commodity Exchange and CTS Exchange.

The Russian government reportedly planned to launch a "national" cryptocurrency exchange in 2022, but later focused on supervision and began to formulate regulations for private cryptocurrency exchanges.

Anatoly Aksakov, Chairman of the Russian State Duma Financial Market Committee, said that Russia’s largest exchange is ready to handle cryptocurrency transactions. He emphasized that once legal conditions are established, exchanges will be able to quickly start cryptocurrency transactions and will not Any problems arise.

Bitcoin.com reported that the Russian Ministry of Finance included the proposal in a draft government review submitted at the end of June in response to two bills proposed by the Russian parliament, one on cryptocurrency mining regulations and the other on One is the regulation of digital currency transactions under an experimental legal system.

Previously, Russian Prime Minister Mikhail Mishustin also instructed the Ministry of Finance, the Bank of Russia, the Federal Financial Supervisory Service, the Federal Tax Service, and the Federal Security Service to develop a mechanism for the use of cryptocurrencies in international settlements.

In its proposal, the Ministry of Finance proposes to establish special regulations for the trading of digital currencies recognized as commodities for a limited group of "specially qualified" investors under an exchange or trading system license, but such investments are not provided for in the proposal Criteria for classifying people. In addition, the framework also proposes that within the general regulatory framework, digital currencies can be recognized as a monetary value, allowing monetary transactions in digital currencies, including their use as a means of payment.

Change of stance under Russia under sanctions

The Russian Central Bank has long been opposed to any form of crypto-assets. Russia’s Interfax news agency pointed out that under current laws, Russian residents are not allowed to use cryptocurrencies for payments, although trading abroad The purchased cryptocurrencies are not prohibited, but digital asset trading in Russia remains in a gray area. However, changes in the external environment seem to be gradually forcing Russian regulators to reconsider their stance.

The above is the detailed content of Russia plans to fully open virtual currency! Seven stock exchanges, including the Moscow and St. Petersburg stock exchanges, have been licensed. For more information, please follow other related articles on the PHP Chinese website!