Russia has abandoned its plan to establish a state-controlled national cryptocurrency exchange, turning to far-reaching regulation.
According to a report by a local news agency, Russia, from the national cryptocurrency exchange plan gave up. In the statements made by the senior officials of the government, the new plan comprehensive regulatory rules was intended to be built.
Chairman of the Russian State Duma Committee on Financial Markets Anatoly Aksakovconstructive steps to be taken for the integration of the sector. private companies securely. getting involved in the cryptocurrency industry incentive stated that he will.
Aksakov said that crypto exchanges are probably under central bank control While expressing that it will work, the said regulatory clarity until the end of 2023 stressed that it is possible.
This idea, brought forward by the Ministry of Finance, was also supported by market participants. based in Russia BitRiver Director of Government Relations Oleg Ogienkothis step taken trustworthy One infrastructure will create and sanctions risks. argued that it would be minimized. The general opinion of market participants is that such a system is more innovator And competitive It was to create an environment.
This is the first time Russia has passed plans to launch a national cryptocurrency. November announced in the month.