Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

2025-05-19

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

2025-05-19

Alchemie acquires Solana developer Dexterlab for unknown sum

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Russia returns plan to create national crypto exchange
Russia backtracks from plan to create national crypto exchange
Regulation

Russia returns plan to create national crypto exchange

2023-05-29No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Russia is no longer moving forward with its plans to create a national crypto exchange. Instead, it will focus on formulating rules that will allow private companies to set up such exchanges.

The head of the State Duma committee on the financial market, Anatoly Aksakov, made this known to the local media Izvestiya on May 29. According to Aksakov, the exchanges would be regulated by local regulations, as they could be used to circumvent sanctions.

The report suggested that the exchanges would be regulated by Russia’s Central Bank, which would introduce new rules governing their operations before the end of the year.

November 2022, CryptoSlate reported that Russian lawmakers were working on a draft amendment law that would allow the country to launch a national crypto exchange.

Russia’s crypto stakeholders support the decision

Several crypto stakeholders in the country believe that this approach would benefit all parties.

The director for government relations at BitRiver, Oleg Ogienko, highlighted the risks associated with a single national crypto exchange. Multiple players in the industry, he said, would mitigate the risks of sanctions, cyber-attacks and abuse by a dominant market player.

Ogienko added that access to these exchanges would be regulated to protect traders, and new rules would be put in place for foreign companies seeking to operate within Russia. These laws would protect the security of these platforms and the information of their Russian users.

GIS Mining’s commercial director, Ivan Gostev, also said that regulation of private entities would enable competitive development and innovation within the industry. Gostev also confirmed Ogienko’s view on how to regulate these platforms to protect users.

See also  Hedge fund billionaire Paul Tudor Jones says 'The entire US regulatory apparatus is against Bitcoin'

Anderida Financial Group founder Alexei Tarapovsky confirmed the sentiments. Tarapovsky noted that the crypto exchanges could help Russian companies complete international transactions with crypto under the sanctions imposed by the US and other Western countries.

The Russian Ministry of Finance opposed the national crypto exchange

Russia’s decision to launch a federal crypto exchange was met with internal opposition from the Ministry of Finance.

The ministry’s director of financial policy, Ivan Chebeskov, explained that the ministry preferred to regulate companies that operate these exchanges and digital assets, adding that the department reached a compromise with the central bank to bring crypto mining activities under regulation and crypto use in international payments.

The post Russia Returns Plan to Create National Crypto Exchange appeared first on CryptoSlate.

Source link

create Crypto Exchange national plan returns Russia
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

2025-05-18

Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin price remains strong and looks fresh above $44K

2023-12-09

Pudgy Penguins are releasing a token called PENGU on Solana this year

2024-12-06

Early Bitcoin -Adopteur Roger far asks President Trump to save him from extradition after tax evasion.

2025-01-28
Editors Picks

Arbitrum (ARB) Price Prediction 2023 2024 2025

2023-08-30

A 300% rally planned? This bullish pattern could be crucial!

2024-09-10

OpenSea falls behind as OKX surpasses it in NFT trading volume

2023-12-08

Coinbase believes tokenization and DeFi will be a major theme in 2025 amid pro-crypto policies

2024-12-20
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

Ethereum: Why this analysis company expects ETH $ 6K to hit in 2025

Alchemie acquires Solana developer Dexterlab for unknown sum

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,729.13-1.01%
  • ethereumEthereum(ETH)$2,401.80-3.72%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.31-2.94%
  • binancecoinBNB(BNB)$638.68-0.89%
  • solanaSolana(SOL)$161.19-5.38%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.215961-2.58%
  • cardanoCardano(ADA)$0.73-3.72%
  • tronTRON(TRX)$0.263529-3.23%
  • suiSui(SUI)$3.63-4.75%
  • chainlinkChainlink(LINK)$15.14-2.86%
  • avalanche-2Avalanche(AVAX)$21.54-5.66%
  • stellarStellar(XLM)$0.280317-2.77%
  • hyperliquidHyperliquid(HYPE)$25.30-5.52%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.97%
  • unus-sed-leoUNUS SED LEO(LEO)$8.57-1.51%
  • hedera-hashgraphHedera(HBAR)$0.186709-3.20%
  • bitcoin-cashBitcoin Cash(BCH)$382.54-3.89%
  • the-open-networkToncoin(TON)$2.98-3.21%
  • litecoinLitecoin(LTC)$95.60-2.47%
  • polkadotPolkadot(DOT)$4.50-4.80%
  • moneroMonero(XMR)$344.501.00%
  • bitget-tokenBitget Token(BGB)$5.14-1.20%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-4.04%
  • piPi(PI)$0.71-1.79%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.74-2.40%
  • bittensorBittensor(TAO)$389.55-6.50%
  • aaveAave(AAVE)$219.13-2.59%
  • nearNEAR Protocol(NEAR)$2.67-2.64%
  • aptosAptos(APT)$4.97-3.62%
  • okbOKB(OKB)$51.89-2.28%
  • ondo-financeOndo(ONDO)$0.89-3.67%
  • kaspaKaspa(KAS)$0.104301-5.99%
  • ethereum-classicEthereum Classic(ETC)$17.76-3.10%
  • internet-computerInternet Computer(ICP)$5.02-3.39%
  • gatechain-tokenGateToken(GT)$21.24-1.19%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.51-2.44%
  • crypto-com-chainCronos(CRO)$0.093633-5.34%
  • mantleMantle(MNT)$0.73-1.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229967-2.91%
  • vechainVeChain(VET)$0.027099-3.77%
  • render-tokenRender(RENDER)$4.38-4.69%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.349467-6.33%
  • filecoinFilecoin(FIL)$2.76-3.11%
  • algorandAlgorand(ALGO)$0.213400-3.42%
  • cosmosCosmos(ATOM)$4.62-3.91%
  • bitcoinBitcoin(BTC)$102,729.13-1.01%
  • ethereumEthereum(ETH)$2,401.80-3.72%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.31-2.94%
  • binancecoinBNB(BNB)$638.68-0.89%
  • solanaSolana(SOL)$161.19-5.38%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.215961-2.58%
  • cardanoCardano(ADA)$0.73-3.72%
  • tronTRON(TRX)$0.263529-3.23%
  • suiSui(SUI)$3.63-4.75%
  • chainlinkChainlink(LINK)$15.14-2.86%
  • avalanche-2Avalanche(AVAX)$21.54-5.66%
  • stellarStellar(XLM)$0.280317-2.77%
  • hyperliquidHyperliquid(HYPE)$25.30-5.52%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.97%
  • unus-sed-leoUNUS SED LEO(LEO)$8.57-1.51%
  • hedera-hashgraphHedera(HBAR)$0.186709-3.20%
  • bitcoin-cashBitcoin Cash(BCH)$382.54-3.89%
  • the-open-networkToncoin(TON)$2.98-3.21%
  • litecoinLitecoin(LTC)$95.60-2.47%
  • polkadotPolkadot(DOT)$4.50-4.80%
  • moneroMonero(XMR)$344.501.00%
  • bitget-tokenBitget Token(BGB)$5.14-1.20%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-4.04%
  • piPi(PI)$0.71-1.79%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.74-2.40%
  • bittensorBittensor(TAO)$389.55-6.50%
  • aaveAave(AAVE)$219.13-2.59%
  • nearNEAR Protocol(NEAR)$2.67-2.64%
  • aptosAptos(APT)$4.97-3.62%
  • okbOKB(OKB)$51.89-2.28%
  • ondo-financeOndo(ONDO)$0.89-3.67%
  • kaspaKaspa(KAS)$0.104301-5.99%
  • ethereum-classicEthereum Classic(ETC)$17.76-3.10%
  • internet-computerInternet Computer(ICP)$5.02-3.39%
  • gatechain-tokenGateToken(GT)$21.24-1.19%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.51-2.44%
  • crypto-com-chainCronos(CRO)$0.093633-5.34%
  • mantleMantle(MNT)$0.73-1.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229967-2.91%
  • vechainVeChain(VET)$0.027099-3.77%
  • render-tokenRender(RENDER)$4.38-4.69%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.349467-6.33%
  • filecoinFilecoin(FIL)$2.76-3.11%
  • algorandAlgorand(ALGO)$0.213400-3.42%
  • cosmosCosmos(ATOM)$4.62-3.91%