{"id":41092,"date":"2022-11-24T04:40:20","date_gmt":"2022-11-24T08:40:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=41092"},"modified":"2022-11-24T04:44:36","modified_gmt":"2022-11-24T08:44:36","slug":"russia-plans-to-develop-national-cryptocurrency-exchange","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/russia-plans-to-develop-national-cryptocurrency-exchange\/","title":{"rendered":"Russia plans to develop national cryptocurrency exchange"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-russian-legislators-are-drafting-revisions-to-the-on-digital-financial-assets-law-to-establish-the-legal-foundation-for-a-national-cryptocurrency-exchange\">Russian legislators are drafting revisions to the <a href=\"https:\/\/coinscreed.com\/staging\/russian-may-soon-permit-crypto-payment-for-imports-pm.html\" target=\"_blank\" rel=\"noreferrer noopener\">&#8220;On Digital Financial Assets&#8221; law<\/a> to establish the legal foundation for a national cryptocurrency exchange.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1-1024x683.jpg\" alt=\"Russia plans to develop national cryptocurrency exchange\" class=\"wp-image-41099\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1-1024x683.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1-300x200.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1-768x512.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1-150x100.jpg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1-750x500.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1-1140x760.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1.jpg 1260w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Russia plans to develop national cryptocurrency exchange<\/figcaption><\/figure>\n\n\n\n<p>The creation of a national cryptocurrency exchange is being worked on by <a href=\"https:\/\/coinscreed.com\/staging\/russian-bill-would-legalize-crypto-mining.html\" target=\"_blank\" rel=\"noreferrer noopener\">Russian legislators<\/a>. According to reports, the Ministry of Finance and the Central Bank of Russia, which have a long history of conflict over the country's regulation of cryptocurrencies, both support this initiative.<\/p>\n\n\n\n<p>The Duma, the lower house of the Russian government, has been in talks with market participants about changes to the country's current cryptocurrency legislation &#8220;On digital financial assets,&#8221; according to local media reports from Nov. 23. The central bank will first get a presentation of the revisions, which would establish the legal foundation for a national exchange.<\/p>\n\n\n\n<p>Member of the <a href=\"https:\/\/www.google.com\/search?q=Russia+plans+to+develop+national+cryptocurrency+exchange&oq=Russia+plans+to+develop+national+cryptocurrency+exchange&aqs=chrome..69i57j33i160.733j0j4&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">Duma's Committee<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> on Economic Policy Sergey Altuhov emphasized the budgetary responsibility of such measures:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt makes no sense to deny the existence of cryptocurrencies, the problem is they circulate in a large stream outside of state regulation. These are billions of tax rubles of lost tax revenues to the federal budget.\u201c<\/p>\n<\/blockquote>\n\n\n\n<p>Anatoly Aksakov, the chair of the Duma's Committee on Financial Market, said in June that Russia might establish a national cryptocurrency exchange as a member of the Moscow Exchange, a credible organization with an extensive history. On behalf of the central bank, the Moscow Exchange produced a law in September to permit trading in digital financial assets.<\/p>\n\n\n\n<p>A bill that would authorize cryptocurrency mining and selling the extracted coins was presented to the Duma earlier this month. The legislation would create a<a href=\"https:\/\/coinscreed.com\/staging\/russian-state-duma-approves-no-vat-on-cryptocurrency-bill.html\" target=\"_blank\" rel=\"noreferrer noopener\"> Russian marketplace<\/a> for cryptocurrency sales, but local miners would also be permitted to use global marketplaces. The latter scenario would exempt transactions from Russian currency controls and rules, but they would still need to be reported to the Russian tax office.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russian legislators are drafting revisions to the &#8220;On Digital Financial Assets&#8221; law to establish the legal foundation for a national cryptocurrency exchange. The creation of a national cryptocurrency exchange is being worked on by Russian legislators. According to reports, the Ministry of Finance and the Central Bank of Russia, which have a long history of [&hellip;]<\/p>\n","protected":false},"author":38,"featured_media":41099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[984,8671],"class_list":["post-41092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-cryptocurrency-exchange","tag-russian-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/shutterstock_757953235-1260x840-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/41092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=41092"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/41092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/41099"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=41092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=41092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=41092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}