Recent comments from a senior Russian official sparked reports this week that Moscow’s premiere stock exchange is about to start trading bitcoin – but it’s not true, the exchange’s operator has said.
A representative for Moscow Exchange told CoinDesk that reports about the firm being on the cusp of launching cryptocurrency trading are inaccurate. They were prompted by comments by Alexey Moiseev, Russia’s deputy finance minister, who earlier this week opined that cryptocurrency trading in the country should be limited to certain investors who participate through regulated exchanges, later mentioning the Moscow Stock Exchange as an example.
“Deputy Finance Minister Alexey Moiseev indeed proposed allowing trading of cryptocurrencies, but only by qualified investors and on a regulated platform,” the representative said.
Still, Moiseev’s comments suggest that trading participation limits could become a reality one day, suggesting that proposals are being discussed – though it’s not clear when any rules might be developed, given continued work on past legislative initiatives related to cryptocurrency.
“I hope that we will soon submit this concept to the government, and in case of support we will write a draft of normative acts,” Moiseev said in an interview with RSN.
Moscow Exchange has pursued blockchain-related initiatives in recent months, however. As previously reported by CoinDesk, the exchange operator has been developing projects related to proxy voting and corporate record-keeping.
Image via Shutterstock
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].