The chief architect of Russia’s crypto legislation has argued that the Moscow Exchange (MOEX) should develop a crypto trading arm – albeit one that operates under the strict purview of the country’s Central Bank.
Per the news agency Interfax, Anatoly Aksakov, the head of the State Duma’s Financial Markets Committee, told attendees at a press conference on Thursday, July 7, that a crypto exchange should be established as a division of the Moscow Exchange, explaining:
“This division will operate under the umbrella of a respected organization that has great traditions [the Moscow Exchange]. The [MOEX] is accustomed to actively interacting with the Central Bank. And it would be better that anyone at coping with the task of carrying out operations that involve cryptocurrency.”
The Central Bank may well balk at such suggestions. As previously reported, the bank is completely opposed to crypto adoption and has long favored a total ban. In recent months, it has somewhat softened its stance,...
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