Russia plans trading of cryptocurrencies
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.