Russian lawmaker proposes adding crypto market to Moscow Stock Exchange

Quick Take

  • A leading member of Russia’s parliament expressed support for a crypto branch within the country’s primary stock exchange.
  • The proposal came from Anatoliy Aksakov, who chairs the State Duma’s Committee on Financial Markets.

A leader within Russia's State Duma has come out in support of a crypto market within the Moscow Stock Exchange, or MOEX.

According to Interfax, Anatoliy Aksakov said at a Thursday news conference: "Of course there should be a crypto market that is founded on the strict requirements of the central bank. I suggest that it be a subdivision of the Moscow Stock Exchange."

He continued to say that such a market within the traditions of MOEX and in collaboration with the central bank would "better than any manage the tasks of fulfilling trading with cryptocurrency."


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The leader of the State Duma Committee on Financial Markets, Aksakov has long played a key role in establishing the country's cryptocurrency policy. Earlier this year, the Russian Central Bank seemed to be toying with the idea of a blanket ban on crypto, which President Vladimir Putin intervened to stop. 

Subsequently, Russia invaded Ukraine. Resulting sanctions have racked Russia's markets, even leading MOEX to stop trading for a time shortly after the invasion. Many leaders in countries imposing sanctions have spotlit crypto as a means for evading those sanctions, despite doubts that Russia could do so at a meaningful scale. 

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