The parliament is preparing a bill on the creation of a crypto exchange in Russia.

It is planned to create a document taking into account the opinions of market participants and submit it for discussion to the Cabinet of Ministers and the Central Bank.

The parliament was engaged in the formation of draft amendments to the laws for the launch of the national crypto exchange in Russia. The deputies discussed the necessary amendments to the law “On Digital Financial Assets”.

They say that it is necessary to take into account the position of market participants and then submit the bill for discussion to the Ministry of Finance and the Bank of Russia. They clarify that the cryptocurrency is in circulation outside of state regulation, and therefore, the budget does not receive billions of rubles in taxes.

In the Russian jurisdiction, it is necessary to create a crypto exchange and conditions for the legalization of cryptocurrencies, in such a way that it does not contradict the position of the government. We are not talking about using cryptocurrencies as a payment instrument, but the exchange will serve for the declaration and conversion of cryptocurrencies. It is possible that cryptocurrency can be used as a means of payment for foreign goods.