Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov said that the creation of a domestic crypto exchange is possible when the market “becomes more understandable” to regulatory agencies.

Cryptocurrency purchased by Russians or mined by miners should only be used for settlements and exchange on international platforms, Aksakov said.

“I think that as the market develops, as it becomes more legal, that is, understandable both for the regulator and for market participants, then it will be possible to talk about the creation of a Russian special infrastructure for trading cryptocurrencies,” A high-ranking Russian deputy explained his point of view.

Since September, Russia has had a law on an experimental legal regime (EPR), which allows the use of cryptocurrencies in foreign economic activity and allows for exchange trading in cryptocurrencies under the control of the Bank of Russia. Representatives of Sberbank, VTB and Alfa Bank announced their readiness to participate in the experiment.

Sberbank allowed the emergence of a crypto exchange now, within the framework of the EPR, but did not specify in what form and to serve which investors such a platform could exist.

Earlier, State Duma deputy from the New People faction Anton Tkachev proposed creating a Russian strategic reserve of bitcoins, inspired by a similar initiative by supporters of the elected American President Donald Trump.