Rus­sia plans trad­ing of cryp­tocur­ren­cies

Banking Frontiers - - News / Blockchain -

One can soon start trad­ing in digital cur­ren­cies on stock ex­changes. Moscow Stock Ex­change is propos­ing to in­tro­duce bitcoin trad­ing soon, the first stock ex­change to do so. Rus­sia’s deputy min­is­ter of fi­nance Alexei Moiseyev said the ex­change reg­u­la­tor will only al­low for qual­i­fied in­vestors to trade in cryp­tocur­rency to avoid large money laun­der­ing op­er­a­tions. Qual­i­fied in­vestors in Rus­sia need to have at least six mil­lion rubles in per­sonal as­sets or 200 mil­lion rubles for in­vest­ment firms. Rus­sia has very re­cently main­tained that there should be strict en­force­ment of pol­icy against circulation of cryp­tocur­rency. In fact, at one point of time, it had to­tally re­jected in­tro­duc­tion of cryp­tocur­rency. Now, it seems it is mov­ing to­wards le­gal­iza­tion of cryp­tocur­ren­cies by ini­ti­at­ing steps to have them traded on a stock ex­change.

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