Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain
The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto exchange operator. Largest Russian Stock Exchange Gears Up to Enter Digital Asset Market The leading exchange for equities and derivatives in Russia has drafted new legislation that would authorize depositories to issue receipts for digital financial assets (DFAs). In current Russian law, the broad....
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Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee.
Russian Authorities Mull Creating Domestic Cryptocurrency Exchange
A crypto trading platform may be established at the Moscow Exchange (MOEX), according to a statement by Anatoly Aksakov, who chairs the Financial Market Committee at the State Duma, the lower house of Russian parliament.
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Government officials in Moscow are willing to explore and implement the potential and uses of blockchain technology in various applications including the Active Citizen project. The city government initiative is a technology-laden program aimed to make citizens of Moscow more inclusive in affecting government decisions. The Department of Information Technology of Moscow is ready to implement blockchain technology within its “Active Citizen” project, according to the department’s deputy director. Andrei Belozerov revealed his eagerness to use blockchain technology during a meeting with the....
Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some of the world’s largest digital assets exchanges, interviewed by Kommersant, are not objecting to a potential requirement to establish permanent presence in Russia in order to continue to offer services to its citizens. The idea to oblige....
Earlier this month a regional court in Moscow ruled that farmer Mikhail Shlyapnikov could not print or use his own currency. Shlyapnikov plans to appeal the ruling. The farmer introduced his own type of exchange unit, kolions, to insulate his village from economic turmoil. The currency name comes from his village, Kolionovo, and was pegged to the potato, with one kolion equaling 10 kilograms of potatoes which could be exchanged for labor or other food. Shlyapnikov, who was formerly a Moscow business man, left the business world for farming 10 years ago. He doesn't call kolions money.....
Moscow opens its first digital currency exchange, California shelves its plans to regulate bitcoin, and the Bank of England looks to manage cryptocurrency. Want to catch up on the latest digital currency news? Take a look at the stories below. MOSCOW. After years of marking bitcoin as a magnet for criminal activity, Russia shocked the world last week when it announced it was looking into taxing bitcoin transactions rather than penalizing them. Naturally, crypto-enthusiasts chalked this up as a random change in status. The devaluation of one’s national currency (in this case, the ruble) is....