Key information:
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Since 2021, Russia has a cryptocurrency regulation.
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Digital property can’t be used as a way of fee in that nation.
Roman Goryunov, director of the St. Petersburg Stock Exchange, Russia, expressed that they’re ready to incorporate bitcoin (BTC) and cryptocurrency trading as quickly because it is legalized within the nation.
“The world of cryptocurrencies will one day merge with the world of traditional financial instruments,” Goryunov instructed Tass information company at present, October 12.
Goryunov took the chance to remind that In 2017 they tried to launch a platform for the trading of cryptocurrencies. Six years have handed since that and he assures that they haven’t modified their minds.
“We believe that it is better for 10 million investors to trade in Russian infrastructure than through a (foreign) company that provides those services in Russia.”
Roman Goryunov, director of the St. Petersburg Stock Exchange, Russia
Since 2021, Russia has had a Law on Digital Financial Assets, which regulates the circulation of cryptoassets of every kind. With this regulation It is unlawful to pay for items and companies with cryptocurrencies inside that territorya indisputable fact that CriptoNoticias reported on the time.
In 2022, Russian President Vladimir Putin ratified the choice to ban funds with bitcoin and cryptocurrencies. However, he signed a regulation that permits investments or purchases of digital property on platforms or approved service suppliers.
Likewise, it stipulated the creation of a registry for cryptocurrency exchanges and operators that can be managed by the Bank of Russia.
The armed battle between Russia and Ukraine has led Putin and his authorities to be much less rigorous with the administration of bitcoin and digital property. In June this 12 months, Rosbank, Russia’s largest financial institution, launched a pilot for cross-border cryptocurrency funds.
