Russian Ministry of Finance supports cryptocurrency exchange trading

The Ministry of Finance of the Russian Federation has proposed that deputies remove the ban on the organization of the circulation and advertising of cryptocurrencies from the draft law on the regulation of digital currency. It is also proposed to authorize exchange trading in cryptocurrency within the framework of the EPR.

Jul 18, 2024 - 12:26
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Russian Ministry of Finance supports cryptocurrency exchange trading
Photo taken from public sources

The Ministry of Finance of the Russian Federation has expressed support for exchange trading in cryptocurrency and proposed to make the relevant amendments to the draft law on the regulation of digital currency. The Ministry proposes that deputies remove the ban on the organization of the circulation of cryptocurrencies in the Russian Federation and also exclude the ban on the advertising of goods, services and works related to cryptocurrency.

Under the proposed changes, it is also planned to allow exchange trading in cryptocurrency under the conditions of the experimental legal regime (EPR). The source reports that such measures are aimed at creating a more favorable environment for the development of the cryptocurrency market in Russia.

The Ministry of Finance's proposals involve significant changes in the regulation of the cryptocurrency industry, which could have a positive impact on its development and integration into the country's economy.

The Ministry of Finance's support may become a key step towards the legalization and widespread use of cryptocurrencies in Russia, creating new opportunities for investors and businesses.

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