The State Duma allowed the appearance of the Russian crypto exchange in the II quarter of 2023. The turnover of cryptocurrencies when carrying out cross-border transactions with such assets by businesses should go through the Russian infrastructure, said Anatoly Aksakov, chairman of the committee on the financial market of the lower house of parliament.
“I admit that the Russian crypto exchange may appear in the II quarter of 2023. Such platforms already exist, they only need to be legalized, the rules of work should be defined, ”the chairman of the State Duma committee on the financial market said in an interview with Izvestia.
It is possible that SPB Exchange will be actively involved in this process, Aksakov specified. However, it is possible that a separate infrastructure will appear for the cryptocurrency. Moreover, the Russian platform for the circulation of cryptocurrencies will be allowed to be used not only by companies, but also by individuals.
For cross-border payments, large companies are likely to use stablecoins — backed digital currencies, Aksakov said.
He added: the circulation of such coins takes place in the information system, which Western intelligence agencies are trying to control, but according to miners and crypto-currencies, they do not have time to track and influence transactions.
Read more in an exclusive interview with Izvestia:
Russian crypto exchange may appear in the II quarter of 2023