“Properly regulated” encrypted currency can be listed on the Exchange: Ministry of Finance of the Russian Federation

nnnAt the meeting of the Russian Federation, the Ministry of Finance of the Russian Federation said that as long as the moderately regulated encrypted currency can be traded on the exchange, and the premise is to protect the user rights, in line with anti-money laundering and anti-terrorism financing regulations As the focus. At the end of 2016 the Russian encrypted currency broke through the turtle development, this statement further promoted the Russian encrypted money market.n
nnTranslation: Annie_Xun
nAlexey Moiseev, Deputy Minister of Finance (MinFin, Ministry of Finance) of the Russian Federation, confirms that the encrypted currency can be legally traded on the exchange.n
nAt the Russian Federation Council meeting, Moiseev told reporters that as long as the encrypted currency was “properly regulated”, the exchange would be able to trade.n
nNews quoted his words,n
nn”Theoretically possible.” As long as they are properly regulated, they can. “n
nnThe comment further boosts Russia’s encrypted currency business. Previously due to years of special currency and other encrypted currency uncertainty, the field has been turtle speed development.n
nAt the end of 2016, the situation finally became clear, and senior bank officials and politicians indicated that they would be willing to supervise in the next two years, rather than banning the encrypted currency.n
nMoiseev has reiterated that the domestic will be all the nature of the virtual currency as “property, rather than money.”n
nn”The second condition is that the regulatory process must be based on financial instruments, that is, our top priority is the protection of user rights, anti-money laundering legislation (AML) and anti-terrorism financing regulations.”n
nnThe other side of the Russian regulatory plan is that lawmakers plan to track interbank payments, but has not yet been announced in detail.n

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