Moscow Stock Exchange Could Soon Launch Crypto Trading

The Moscow Stock Exchange could soon launch its own crypto trading platform, head of the State Duma’s Financial Market Committee, the lower house of the Russian parliament, Anatoly Aksakov said.

«Of course, there should be a crypto-exchange, set up according to the Central Bank’s stringent requirements. This could be a division of the Moscow Exchange, a division that would work within a respected organization, with great traditions, accustomed to actively interacting with the Central Bank it would cope best of all cope with the task of carrying out operations with cryptocurrency,» Aksakov said.

Earlier, Deputy Finance Minister Alexei Moiseev said that in the near future his ministry and the Central Bank will determine the list of such stock exchanges. The news of the Moscow Stock Exchange building infrastructure for handling cryptocurrency trades first surfaced back in 2018. At the time, the exchange was pushing for approval to introduce Bitcoin futures, however, the country’s central bank rejected the proposal.

Russian Lawmakers Wants to Ban Crypto Payments

In the meantime, the lower house of Russia’s parliament is considering legislation that would bar crypto platforms from enabling purchases with cryptocurrencies. The bill specifically wants to stop the use of digital assets for real-world transactions within the Russian Federation. However, it could still be used for international trade. In addition to banning purchases with cryptocurrencies, the proposed law also wants to ban the exchange of digital tokens as a means of payment.

Source