Head of the Financial Committee of the State Duma allowed the creation of experimental Russian crypto-exchanges

Crypto exchanges in Russia can be created for a period of two years, now their legalization is subject to agreement. This was stated by the head of the State Duma Committee on the financial market Anatoly Aksakov. He recalled that market participants are already actively using crypto-instruments in trade with external partners and the volumes are millions, possibly billions of dollars.

Creation of crypto-exchanges should be registered in the legal space of the Russian Federation, Mr. Aksakov noted. “Unfortunately, we have not come to this yet. I hope that in the autumn session the processes will be activated, at least the topic related to experimental legal regimes, which can be established for the same two years, as according to Islamic instruments, will be legalized, and we’ll see how it works, ”said the State Duma deputy at a press conference (quote from Interfax)

According to the current legislation, settlements in cryptocurrency in Russia are prohibited. So far, it has not been possible to agree on the possibility of opening crypto-exchanges in experimental legal regimes. If agreed, it would be possible to pay for the import of goods to Russia with this instrument, Anatoly Aksakov said.

Islamic banking plan to introduce in four regions of the country: Bashkiria, Dagestan, Chechnya and Tatarstan. It is planned that this will be a pilot project that will last two years.

Earlier, Mr. Aksakov announced the appearance of the rules for the operation of crypto exchanges. In May, he said that crypto exchanges would help bypass anti-Russian sanctions.

Read more in the publication “b FM” “Crypto exchanges will be prescribed rules”.

Maria Fedotova