On July 12, the Russian Ministry of Finance proposed to allow a limited number of "specifically qualified" investors to trade cryptocurrencies on exchanges. The response drafted by the ministry is directed at two proposed laws aimed at regulating cryptocurrency mining and digital currency settlements under an experimental legal framework. Specifically, the ministry proposes to allow all participants in foreign economic activities (FEA) to settle using digital assets in accordance with general regulations, which means that digital assets need to be recognized as having monetary value.
As an experimental measure, the ministry further proposed that only exchanges and platforms listed in the official register be allowed to trade cryptocurrencies and treat cryptocurrencies as commodities. However, the document did not specify the criteria for classifying these investors.
The Russian Ministry of Finance has proposed allowing certain qualified investors to conduct limited cryptocurrency transactions
2024-07-12 09:48:03
12 news Russia Ministry of Finance proposal allowed limited quantity specificdesk3cryptocurrencydesktopCrypto News
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