Russia to pass law to create its own bitcoin and cryptocurrency exchange


Russia’s State Duma, equivalent to the Legislative Assembly, will draft a bill with amendments to the law regulating the bitcoin (BTC) market and cryptocurrencies in the country with which it is proposed to create a national exchange. cryptoactive substances.

And report from local media “Vedomosti” reveals that deputies of the Russian legislature have already met with representatives of the Eurasian country’s cryptocurrency market to discuss the “necessary changes” that should be made to the Law on Digital Financial Assets. .

Sergey Altukhov, who works at the Economic Policy Committee and is a member of the ruling United Russia party, said that development of a replacement project is underway with which it is possible to create a bitcoin exchange in Russian jurisdiction.

“It doesn’t make sense to say that cryptocurrencies don’t exist, but the problem is that they circulate in large volumes outside of government regulation. Billions of rubles of budget revenue are lost in the form of taxes,” said a politician who supports the Russian government.


Altuhov commented that “it is necessary to create the conditions” for the ecosystem bitcoins can be legalized on Russian soil. Also “adjusting the rules of the game”, but not contradicting the positions of the Central Bank and the authorities.

In recent days, the head of that State Duma commission, Anatoly Aksakov, hinted that it could be started cryptocurrency exchange that it meets the “strict requirements of the Russian Central Bank”. also bet because the cryptocurrency market is legalized in Russia “too much regulation.”

“We require mandatory identification of participants, proof of their certificates and work only through platforms and operators included in the central bank register”, accurate Aksakov.

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As reported by CriptoNoticias, both the Central Bank of Russia and the government of Vladimir Putin allow the use of bitcoins and other cryptocurrencies for international payments. A position that grew after the country invaded Ukraine militarily and imposed severe financial sanctions on it.

But until now It is not authorized Using BTC and other crypto-assets as a means of payment. In fact, this is one of the provisions of the Digital Financial Assets Act. This law is supported by the Russian monetary entity, which came to bet on insurance of bitcoin before diluting your position.


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