Russia to Launch a Crypto Exchange Next Year

Reading Time: < 1 minute

Anatoly Aksakov, head of the State Duma Committee of Russia on the financial market, has said that by mid-2023, an official cryptocurrency exchange controlled by the authorities may appear in the country.

According to him, it will be created as part of the project to legalize digital currencies for cross-border payments.

The Ministry of Finance advocates the use of such a tool in foreign markets to circumvent sanctions, which means that for example, cryptos can be used in export-import transactions.

The bill on cross-border payments in digital currencies may come into force in Q2 2023.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!