According to people familiar with the matter, the Russian government is changing course, saying it no longer plans to establish a national cryptocurrency exchange and will instead create rules for multiple cryptocurrency exchanges. local news sites.
Anatoly Aksakov, a member of the Russian parliament, told news agency Izvestia about the change.
Subsequently, exchanges “may introduce new restrictions on exchanges as they are used to make cross-border payments, including circumventing sanctions restrictions.” can always appear, but the important thing is to follow the rules. ‘ said the news site.
Aksakov told Izvestia that the Central Bank of Russia will probably regulate the exchange.
This includes Several days After Ksenia Yudayeva, First Deputy Chairman of the Bank of Russia, said cryptocurrencies had the ability to “infect” the Russian economy, according to local news agencies. Interfax.
However, she admitted that it was “necessary” for Russian companies to “use cryptocurrencies for cross-border payments.”
However, she insisted this would be done “in a non-spreading manner”. [of crypto] throughout the Russian financial system. ”
From the beginning
According to media reports, Russian lawmakers formulated the plan last November, and state parliamentarians “started drafting amendments,” including the creation of a “national cryptocurrency exchange in Russia.” Vedomosti.
So did Aksakov. called Central Bank Urges to Develop Cryptocurrency Exchange, According to News Agency Interfax.
At the time, the central bank was completely against the adoption of cryptocurrencies and wanted an outright ban, but has since softened its stance.
According to one report, the Russian government and the Central Bank of Russia reached an agreement last year to regulate cryptocurrencies, including through licensing to cryptocurrency companies. statement.
Russian lawmakers say they are making progress on cryptocurrency regulation, with two bills reportedly ready for adoption as early as June.