Russian Stock Exchange Seeks Digital Financial Asset License
Some government officials have voiced concerns that if DFAs become too integrated into stock exchanges it could erase any distinction between digital assets and traditional securities.
![image Beincrypto](https://image.coinlive.com/24x24/cryptotwits-static/f69c925ca7abf69c404c210cc7a61dd1.png)
Some government officials have voiced concerns that if DFAs become too integrated into stock exchanges it could erase any distinction between digital assets and traditional securities.
The government will instead focus on regulating the industry and supporting existing exchanges.
Russian authorities have canceled plans for a national crypto exchange and will instead focus on regulating private sector alternatives.
Transparency International named 8 Russian crypto exchanges willing to facilitate anonymous crypto for cash trades in London.
Russia's prosecutor general office blacklisted the world's third-largest crypto exchange by volume, according to the public data.
The FSA and Japan’s Finance Ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment.
MOEX is likely to do a great job in launching a crypto trading division due to its full compliance with the rules of the Bank of Russia, the official said.
The sanctions were part of an international effort aimed at “[disrupting the] proliferation of malicious cybercrime services, dangerous drugs and other illegal offerings.”
Amendments to the tax code have passed the first round of parliamentary consideration in February.