General Director of the St. Petersburg Exchange Evgeny Serdyukov said that the platform can take part in cryptocurrency projects for cross-border settlements.

In an interview with RBC Investments, Evgeny Serdyukov said that the St. Petersburg Exchange is ready to support any legislative initiative on the issue of participation in cross-border settlements using virtual assets.

“The participation of the St. Petersburg Exchange in cross-border cryptocurrency settlements is being discussed,” he said.

Serdyukov emphasized that cryptocurrencies are not legalized in Russia, although the exchange could start trading them in 2017. According to him, digital financial assets (DFAs) are now a priority – regulation in this sector is liberal, although the DFA market is still overly segmented.

The head of the exchange advocated for DFAs to be traded as classic securities and to be accessible to private investors on the market through brokers. In his opinion, it is necessary to finalize the legislative norms on DFA. The St. Petersburg Exchange, together with the Bank of Russia and the Moscow Exchange, has prepared a proposal that will allow the development of the market for digital financial assets in the country.

Earlier, Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, said that the mechanisms for using DFAs in international payments are already being tested and may begin to operate before the end of the year.