Russia's Ministry of Finance proposes to allow limited cryptocurrency trading for certain qualified investors
The Russian Ministry of Finance proposed allowing a limited number of "specific qualified" investors to trade cryptocurrencies on exchanges. The ministry's drafted response was aimed at two proposed laws that seek to regulate cryptocurrency mining and digital currency settlements within an experimental legal framework. Specifically, the ministry suggested allowing all foreign economic activity (FEA) participants to settle transactions using digital assets in accordance with general regulations, which means recognizing digital assets as having monetary value. As an experimental measure, the ministry further proposed only allowing cryptocurrency trading on exchanges and platforms listed in the official registry, and treating cryptocurrencies as commodities. However, the document did not specify the criteria for classifying these investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
1confirmation founder: ETH is the Internet's native value storage and has the best monetary policy
BTC breaks through $98,000
ETH breaks through $3,500
Telegram Premium subscribers exceed 12 million