The Russian government plans to develop rules for cryptocurrency exchanges rather than creating a national exchange. This decision was announced by the head of the State Duma financial market committee, Anatoly Aksakov. He said rules will be created for the operation of such exchanges that will use cryptocurrencies for international payments instead of a single exchange. The regulation of the activities of crypto exchanges will be done by the Central Bank.
According to Ivan Chebeskov, Director of the Financial Policy Department, the Ministry of Finance is trying to reach a compromise with the Central Bank on the legalization of mining under an experimental legal regime and the use of cryptocurrencies for international settlements.
Alexei Guznov, Deputy Governor of the Central Bank of Russia, said that in the future crypto exchanges will become platforms for interaction between exporters and importers, while also allowing parallel imports of goods.
However, Deputy Finance Minister Alexei Moiseev expressed his doubts about the use of cryptocurrencies to circumvent sanctions. He explained that most of the popular cryptocurrencies can be tracked by the financial intelligence of all countries.
Source: Ferra
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