Russia is making strides in the world of cryptocurrency, with the parliamentary financial committee approving experimental exchange trading regulated by the central bank. The Bank of Russia will establish rules for trading digital currencies within a pilot project, specifying admission criteria and requirements for overseers. The legislation also gives the central bank authority to create an electronic platform for digital currency transactions.
This move signals a shift in Russia’s stance on digital currencies, previously skeptical due to concerns about illegal activities. However, the Finance Ministry is now open to new ways of international payments, including cryptocurrencies. The recent bill passed by the State Duma to legalize cryptocurrency mining shows a step towards broader acceptance and regulation.
Experts believe this legislation is crucial for integrating digital currencies into Russia’s banking and trading infrastructure. This shift may pave the way for future regulation and acceptance within the country.
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