The Moscow Exchange is exploring the possibility of allowing various instruments based on digital assets, but will be ready to offer cryptocurrency trading services to customers only after the necessary legislation is approved, a representative of the platform told Vedomosti.
"Of course, there should be a crypto exchange, which is created according to the strict requirements of the Central Bank. I assume that this is a division of the Moscow Exchange. And this unit, which will work within the framework of a respected organization with great traditions, accustomed to actively interact with the Central Bank, will best cope with the task of carrying out operations with cryptocurrency," said Anatoly Aksakov, head of the State Duma Financial Market Committee.
The deputy also explained that there are other options and discussions are already underway, but the Moscow Exchange and St. Petersburg Exchange have experience and understanding of how it all works. In addition, they have all the necessary infrastructure, and the Central Bank knows what to expect from them, Aksakov said.
In February, the Ministry of Finance sent to the Government of the Russian Federation a draft federal law "On Digital Currency", which legislatively prescribes the rules for regulating the cryptocurrency market in the Russian Federation, approved earlier by the government. According to the concept of the Ministry of Finance, the legalization of cryptocurrency infrastructure in the Russian Federation should be in conjunction with the banking system.
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