A proposal was put forward by the Central Bank of Russia (CBA) to permit trade of virtual monetary assets, an umbrella term used in the Russian regulatory act when referring to digital currencies as a whole.
Onlookers and audiences reveal their opinion that the regulation aims to offer shareholders the opportunity to trade digital assets within a controlled economic framework.
Moscow and SPB exchange representatives and major brokers, privately met with the Bank of Russia this Tuesday. A trusted source from Russia that was present when the meeting took place revealed that within the meeting, investors and brokers approved the idea of trading virtual currency legally within Russian borders, while system operators weren’t too keen on the idea.
The opposition to the idea is afraid that including virtual currency exchanges will threaten the stability of their economy. In their minds, the cryptocurrency platforms hadn’t had enough time to properly develop into a safe and trustworthy source of finance.