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

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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.

Material by TASS

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.

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