The Russian Federation should not limit itself to existing platforms for trading cryptocurrencies and can create its own exchanges. This was stated by the head of the State Duma Committee on Financial Markets Anatoly Aksakov, writes TASS.
According to him, at the legislative level, the authorities permit the creation of specialized sites.
He stressed that the regulator should create the infrastructure quickly, since the market is very “mobile.”
Aksakov also statedthat in the near future Bitcoin can be exchanged for digital rubles. With the advent of such an instrument, the official admitted the disappearance of the need for P2P platforms based on foreign crypto exchanges.
On July 30, the State Duma adopted in the second and third readings the bills on regulating mining and on experimental legal regimes (ELR). The first excluded the proposal to ban the organization of cryptocurrency turnover in the country, which could prevent the creation of exchanges and exchangers outside the EPR.
The second regulatory act allowed the use of cryptocurrencies in foreign trade, as well as exchange trading of these assets. The Bank of Russia was tasked with monitoring the process.
Representatives of the regulator stated that the Russian Federation will conduct the first cross-border cryptocurrency payments within the EPR framework by the end of 2024.
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Source: Cryptocurrency
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