Russia's Ministry of Finance considers the Moscow Exchange a key participant in a cryptocurrency trading experiment, as authorities intend to utilize the existing infrastructure for such purposes.
Utilizing Existing Infrastructure for Crypto Trading
Deputy Finance Minister Ivan Chebeskov announced that the main proposal during the preparations for the crypto experiments is to employ the existing trading infrastructure. He remarked that the Moscow Exchange could handle this task without any issues, as it's the same trading mechanism with a new instrument. This statement was made during the Crypto Summit 2025.
Need for More Participants in the Experiment
The Ministry of Finance is considering inviting more participants to the cryptocurrency trading experiment. Although this may dilute liquidity and complicate administration, it would also create competition and allow authorities to see how different participants perform. However, for now, this remains an experiment rather than full-fledged regulation, Chebeskov emphasized.
Advancing Plans for Using Crypto in International Trade
Russia continues to advance its plans to utilize cryptocurrencies in international trade. With the introduction of a law signed by President Vladimir Putin in August, an experimental legal regime has been created to legalize the use of cryptocurrencies in foreign economic activities. However, only 'highly qualified' investors will have access to such operations, emphasized Deputy Finance Minister Alexey Yakovlev.
Russia is actively considering the use of existing exchange infrastructure for cryptocurrency experiments, aiming to allow their limited use in international trade while stressing that this remains an experimental process meant to mitigate risks to the financial system.
