The State Duma allowed the creation of a crypto exchange within the framework of the Moscow Exchange

The head of the State Duma Committee on the financial market Aksakov allowed the creation of a crypto exchange within the framework of the Moscow Exchange, the Russian cryptocurrency exchange can be established as part of the work of the Moscow Exchange, Interfax writes with reference to the head of the State Duma Committee on the Financial Market Anatoly Aksakov.

“Of course, there should be a crypto exchange, which is created according to the strict requirements of the Central Bank. I admit that it (will be — approx. “”) a division of the Moscow Exchange. And this is a division that will work within the framework of a respected organization with great traditions, accustomed to actively interact with the Central Bank — it will best cope with the task of carrying out operations with cryptocurrency,” Aksakov admitted.

The head of the Duma committee also suggested that the digital currency will be “in the spotlight” in the autumn session, bills will be submitted to regulate their turnover. Earlier, Aksakov noted that due to the introduction of restrictions on Russians by foreign crypto exchanges, the agenda for their landing became irrelevant, however, the bills that regulate the creation of Russian crypto exchanges were not submitted by the government to the spring session of the State Duma.

Turned out suddenly.Russia sees China as an ally in the fight against the West. But is Beijing ready to help circumvent sanctions?On June 23, 2022, at the end of February, the Ministry of Finance sent to the government a draft federal law “On digital currency”, in April the document was finalized.

According to the concept of the document, the legalization of cryptocurrencies will be linked to the banking system. The Ministry proposes to legalize the work of Russian crypto exchanges, p2p platforms, but to make the withdrawal of funds from all sites possible only through Russian banks with a universal license.