Russia Cancels Planned National Crypto Exchange to Focus on Regulation
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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
MOEX departs from Russia’s crypto pilot and focuses on other digital ventures. Russia promotes the digital ruble and proposes additional cryptocurrency exchanges to increase trading. The Moscow Exchange (MOEX), Russia’s largest financial exchange, has decided not to take part in a new pilot program for cryptocurrency trading, despite recent legislation…
Russia labels Ukrainian crypto exchange WhiteBit undesirable, alleging illegal fund transfers, and growing crypto oversight tensions. Russia has moved to block Ukrainian cryptocurrency exchange WhiteBit, intensifying digital asset restrictions amid ongoing geopolitical tensions. Authorities say the platform facilitated illegal capital outflows and funded Ukraine’s armed forces, so they acted quickly…
New cue ball: rules for the creation and operation of crypto exchanges will appear in Russia | Articles The authorities abandoned the idea of creating a national crypto exchange. Instead, most likely, rules will be established for the establishment and operation of such structures, Anatoly Aksakov, head of the State…
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