In the Duma, which works as a lower house of the parliament in Russia, an unexpected proposal was made from Anatoly Aksakov, who is the head of the Financial Markets Committee as well as the vice-chairman of the Duma.
“Best for cryptocurrency activities”
Aksakov, in addition to working under the Moscow Stock Exchange, proposed the establishment of an official cryptocurrency exchange subject to the rules of the Central Bank of Russia, and said:
“Of course, a cryptocurrency exchange should be established and the house should operate in accordance with the strict rules of the central bank, of course. In my opinion, such a structure will provide the best environment in which cryptocurrency operations can be conducted. Such an institution, which has financial traditions and stays in constant contact with the central bank, will help to overcome the problems.”
From anti-crypto money to opening a stock market…
Russia has become a country that has changed its policy 180 degrees, especially with the start of the Ukraine war on cryptocurrencies. Western sanctions and the worldwide financial crisis enabled Russia, which is rich in underground resources, to give the green light to cryptocurrencies, especially Bitcoin, to sell these assets abroad.
President Putin, who spoke positively about cryptocurrencies several times before the war, said that it was almost impossible to trade oil or natural gas with Bitcoin. However, after the war, many Russian officials stated that they were warm to sales with Bitcoin.
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