When will foreign cryptocurrency exchanges be blocked in Russia? Expert opinions
What is the likelihood of blocking access to foreign cryptocurrency exchange websites this year and how events may develop.
Already this spring, Russia plans to start adopting laws regulating cryptocurrency operations within the existing Russian infrastructure. According to the Ministry of Finance, the turnover of cryptocurrencies in Russia amounts to about 50 billion rubles per day, and these flows are occurring outside the regulated zone.
The chairman of the supervisory board of the Moscow Exchange, Sergey Shvetsov, stated that Russians are currently paying about $15 billion in commissions to global cryptocurrency exchanges. He mentioned that as soon as it becomes possible, the Moscow Exchange will start "fighting for this pie," as it represents a good increase in profitability.$BTC $ETH
What is the likelihood of blocking access to foreign cryptocurrency exchange websites this year and how events may develop.
Already this spring, Russia plans to start adopting laws regulating cryptocurrency operations within the existing Russian infrastructure. According to the Ministry of Finance, the turnover of cryptocurrencies in Russia amounts to about 50 billion rubles per day, and these flows are occurring outside the regulated zone.
The chairman of the supervisory board of the Moscow Exchange, Sergey Shvetsov, stated that Russians are currently paying about $15 billion in commissions to global cryptocurrency exchanges. He mentioned that as soon as it becomes possible, the Moscow Exchange will start "fighting for this pie," as it represents a good increase in profitability.$BTC $ETH