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Russia To Launch A National Crypto Exchange

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Russian legislators are currently working on legislation that will allow for the launch of a national cryptocurrency exchange.

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The Central Bank of Russia and the Ministry of Finance had different opinions on crypto regulation. They are proposing legislation.

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First, the amendments establishing a legal framework for national currency exchange will be presented to the central bank.

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According to local media reports, Russian lawmakers were discussing the state-run crypto exchange platform.

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Sergey Altuhov was a member of the Committee of Economic Policy of Duma, and he highlighted the fiscal sensitivity of such measures.

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Many companies use crypto to bypass banks or the SWIFT messaging system, despite strict international sanctions against Russian trading firms.

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Russia is one of many countries to consider launching a crypto exchange. 

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In June, the country's parliament discussed the possibility of allowing the Moscow Exchange the operation of a crypto trading platform.

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