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Is Russia working on a national crypto exchange? Moscow’s strategy

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while regulation of the crypto space With New York banning the mining of some cryptocurrencies, the world is moving fast, with news coming from Russia, which has recently been punished with the ax of the Western bloc’s sanctions.

On November 23, 2022, Duma He would begin negotiations to arrive at formulating the arrangements that would allow it to be created. national crypto exchangeat least as reported by vedomosti.

In particular, work would have been initiated to draft an amendment in which the legal framework of this market would be ready.
A comment on the discussion Economic Commissioner Sergey Altukhovallegedly announced that “Denying the existence of cryptocurrencies no longer makes sense: the problem is that they circulate in great flux outside of government regulation; billions of rubles of lost tax“.

Already in June, discussions about this possibility began in the Duma, assuming its implementation. under MOEX. A direction that can lead to unexpected scenarios, especially in light of the limitations to which Russia’s economic fabric is subject.

In the meantime, let’s remember that these aren’t exactly the rosiest times for cryptocurrencies, with Bitcoin and Ethereum falling sharply below $20,000 and $1,500 respectively.

Source: Every Eye

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