• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Russian Stock Exchange Denies Crypto Trading Plans

user avatar

by Giorgi Kostiuk

2 years ago

  1. Denial of crypto trading plans
  2. Discussions among Russian officials
  3. Regional cryptocurrency initiatives


    4. The Russian Stock Exchange has denied recent reports that it is preparing to launch a state-run cryptocurrency trading platform. Despite this denial, discussions among senior Russian officials regarding the establishment of a state-run crypto exchange continue.

    Denial of crypto trading plans

    Earlier this week, rumors circulated that both the St. Petersburg and Moscow exchanges were planning to introduce crypto services. However, the St. Petersburg Currency Exchange has clarified that it has no such plans and remains focused on its existing financial products and services in the money and stock markets.

    The reports that appeared in a number of media outlets that the St. Petersburg Currency Exchange plans to become one of the platforms for trading crypto assets are not true. Our approved development strategy is focused on developing our own products and services in the money and stock markets. They do not involve the provision of any services related to cryptocurrencies.Official Statement

    Discussions among Russian officials

    Despite this denial, there has been significant discussion among senior Russian officials about establishing a state-run crypto exchange. This comes as new laws set to take effect on September 1st will legalize industrial crypto mining and allow the use of cryptocurrency for international trade.

    Regional cryptocurrency initiatives

    Meanwhile, other regions in Russia are exploring the possibility of launching their own crypto exchanges. In the Republic of Tatarstan, a digital platform for a national crypto exchange is reportedly ready to go, supported by the local Ministry of Digital Development. This exchange, tentatively named the Tatarstan National Crypto Exchange, aims to control cryptocurrency transactions within Russia, ensuring transparency and proper taxation.

    The situation around cryptocurrencies in Russia continues to develop, and despite the official denial by the St. Petersburg Currency Exchange, national and regional cryptocurrency initiatives remain a topic of active discussion.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Federal Appeals Court Rules in Favor of Kalshi

chest

A federal appeals court in Philadelphia ruled that New Jersey cannot regulate Kalshi's prediction market under state gambling laws.

user avatarKaterina Papadopoulou

Shah Highlights Silver Narrative for Litecoin

chest

Crypto analyst Shah emphasizes the silver narrative for Litecoin, focusing on the LTC/BTC ratio and potential price movements.

user avatarMaya Lundqvist

South Korea Mandates Real-Time Asset-Matching Systems for Crypto Exchanges

chest

The Financial Services Commission of South Korea mandates all domestic crypto exchanges to implement a new asset-matching system by the end of May 2023, shifting from 24-hour cycles to a 5-minute regime to enhance compliance and reliability.

user avatarLeo van der Veen

Growing Interest in Altcoins as Market Sentiment Shifts

chest

Growing interest in altcoins as market sentiment shifts, with Grayscale suggesting several altcoins may have entered a buy zone.

user avatarLi Weicheng

Indonesia Blockchain Week 2026 Set to Return

chest

Indonesia Blockchain Week IDBW, Southeast Asia's leading institutional Web3 conference, will return for its sixth edition on August 12-13, 2026, at the Jakarta International Convention Center.

user avatarAisha Farooq

Morgan Stanley Predicts S&P 500 Has Reached Its Floor

chest

Michael Wilson from Morgan Stanley believes the S&P 500 has hit its lowest point and will not fall further, suggesting a barbell investment strategy.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.