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The Moscow stock exchange has no plans to launch bitcoin trading

Recent comments by a senior Russian official this week have prompted reports that the Moscow stock exchange is going to start trading bitcoin - but that's not true, the exchange operator said.

31.Aug.17 2:07 PM
By Daria Zaytseva


The Moscow stock exchange has no plans to launch bitcoin trading

A representative of the Moscow stock exchange told CoinDesk that the reports that the firm is on the verge of launching a crypto-currency trade are inaccurate. They were caused by the comments of Russia's Deputy Finance Minister Alexei Moiseyev, who earlier this week expressed the view that the trade in crypto-currencies in the country should be limited to certain investors that participate through regulated exchanges, later mentioning the Moscow Stock Exchange.

"Deputy Finance Minister Alexei Moiseyev really proposed to allow the trade in crypto-currencies, but only by qualified investors and on an adjustable platform," the representative said.

Nevertheless, Moiseev's comments show that the limit on participation in trade can become a reality one day, suggesting that the proposals are being discussed, although it is not clear when any rules can be developed, given the continuation of work on past legislative initiatives related to the crypto currency .

"I hope that we will soon introduce this concept to the government, and in case of support, we will write a draft of normative acts," Moiseyev said in an interview with RSN.

Nevertheless, in recent months the Moscow stock exchange has carried out initiatives related to the blocking. As previously reported by CoinDesk, the exchange operator is developing projects related to voting by proxy and corporate accounts.

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