Deputy Aksakov announces the readiness of Russian exchanges to work with cryptocurrency

The official added that laws allowing the platforms to begin work could be passed as early as November

26.09.2022 - 13:30

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What’s new? Anatoly Aksakov, head of the State Duma Committee on the Financial Market, said that the largest Russian exchanges are ready to start working with cryptocurrencies. This will become possible as soon as the legal conditions for the implementation of international crypto payments are created. He told this in an interview with Parlamentskaya Gazeta.

Aksakov’s interview

What else does Aksakov say? The official said that the Moscow Exchange, SPB Exchange, and the St. Petersburg International Mercantile Exchange are gradually mastering the crypto market and are ready to join the process as soon as necessary because the infrastructure has already been prepared. According to the head of the committee on the financial market, the draft laws are being discussed and may be passed as early as November.

Earlier the Ministry of Finance, the Federal Financial Monitoring Service, and the Bank of Russia on the instructions of Prime Minister Mikhail Mishustin began to develop the draft law that will regulate the issuance, circulation, and other operations related to digital assets. In particular, the departments discussed issues of international payments in cryptocurrency. Ivan Chebeskov, Director of the Financial Policy Department of the Ministry of Finance, reported that the option of cross-border transfers in cryptocurrency may appear as early as 2023.

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