Moscow Stock Exchange to offer DFA trading after implementing crypto regulation
Representatives of the holding company believe that its mechanism of operation is perfectly suited to carrying out digital asset transactions
08.07.2022 - 06:40
301
2 min
0
What’s new? Representatives of the Moscow Stock Exchange said that they are ready to offer digital financial assets (DFAs) trading services to clients, but this is only possible after the relevant regulatory framework is approved. The holding noted that it was already exploring the possibility of allowing cryptocurrencies on its platform, the TASS news agency reports, citing the press service.
What is known about the Moscow Stock Exchange’s plans? The fact that the DFA trading platform could be created in the Moscow Stock Exchange’s structure previously said the head of the State Duma Committee on the Financial Market Anatoly Aksakov. He noted that such a crypto platform must meet the strict requirements of the Bank of Russia, and therefore the Moscow Stock Exchange, which actively interacts with the regulator, will best cope with this task. The Moscow Stock Exchange stressed:
“We believe that a classic exchange mechanism has a number of undeniable advantages for trading a wide range of financial assets, including transparency of pricing, the concentration of liquidity, high standards, and efficient risk management.”
The State Duma also passed a bill introduced by Aksakov that would prohibit the use of DFAs to pay for goods and services within the country. According to the authors of the document, it will increase the investment attractiveness of the use of digital rights for business. After the law enters into force, the Bank of Russia may create a register of electronic platform operators.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024