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Author Topic: Draft of Russian Crypto Bill to Legalize Trading on Approved Exchanges  (Read 12 times)
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January 12, 2018, 11:33:12 AM

Draft of Russian Crypto Bill to Legalize Trading on Approved Exchanges

Russian Deputy Finance Minister Alexei Moiseev said that his ministry supports the proposed bill.

Following the presentation of a drafted bill to place regulations on the usage of cryptocurrency in Russia on December 28, a list of approved cryptocurrency trading platforms is being developed by the Russian Ministry of Finance.
Alexei Moiseev, Russian Deputy Finance Minister, told reporters that the Finance Ministry “supports the legalization of trade in cryptocurrencies on official exchanges.” According to Moiseev, the Finance Ministry “[does] not want to limit and regulate, but we will set some limits.”

Moiseev concluded that the bill is intended to make the crypto landscape in Russia more stable. “This is about the fact that buying and selling [of cryptocurrencies] will be somehow standardized. The general idea is that it will be necessary to buy and sell on official exchanges, as it will be declared, it will be legalized.”

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