Russia has decided to cancel a planned national crypto exchange. Instead, it will focus on regulating the industry and supporting existing exchanges with a view to cross-border transactions. Local media outlets report that Russia has decided to cancel its planned national crypto exchange. The country had planned to launch this exchange to counter some of the effects of the sanctions posed by international entities as a result of the invasion of Ukraine. Crypto Regulations Prioritized The media outlets reported on May 29 that the idea had been scrapped altogether. Instead, the government will first focus on creating rules and regulations
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Author: coinmaker