Russia especially Ukraine As a result of the war with Russia, it has been in great trouble for about two years. The country has been subject to sanctions from Europe, especially the USA. This situation inevitably means an economic difficulty for the country. However, the economy of Russia, known for its strong oil and natural gas reserves, has not yet experienced a crisis reflecting this difficulty. On the contrary, the country is making a name for itself with new and new steps. A final move seems to be for cryptocurrencies.
Ministry of Finance Recommends Cryptocurrency Trading
The Russian Ministry of Finance has proposed allowing cryptocurrency trading on licensed exchanges for a certain group of qualified investors. This proposal covers companies in the Central Bank’s register of exchanges and trading systems. The register currently includes Moscow and seven companies, including the St. Petersburg Stock Exchanges. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
This move by the Ministry of Finance is seen as an important step towards legalizing cryptocurrency trading. Making a statement on the subject, Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, stated that Russia’s largest exchanges are ready for cryptocurrency transactions.
Aksakov stated that if the legal conditions are met, exchanges can immediately start trading cryptocurrencies. He emphasized that he believes this situation will not create any problems in the market. Aksakov’s statements show that exchanges are actively working on cryptocurrency trading.
Steps Were Also Taken in June
This proposal is being considered alongside two parliamentary bills submitted by the Ministry of Finance in June, which aim to regulate cryptocurrency mining and create an experimental legal regime for cryptocurrency transactions.
Prime Minister Mikhail Mishustin instructed relevant institutions to develop mechanisms for the use of cryptocurrencies in international settlements. These developments are crypto money It is seen as part of the steps taken to bring trading into legal and regulatory framework.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
