Moscow Stock Exchange Prepares to Trade Cryptocurrency

Moscow Stock Exchange is creating an infrastructure to trade cryptocurrencies such as bitcoin. The exchange plans to trade

cryptocurrencies as well as derivatives and exchange-traded funds (ETFs) based on them. This announcement closely follows

the plan by Deputy Finance Minister Alexei Moiseev to regulate bitcoin as a financial asset.

Moscow Exchange is the largest exchange group in Russia. It operates trading markets in equities, bonds, derivatives, the

foreign exchange market, money markets and precious metals. It also operates Russia’s central securities depository and the

country’s largest clearing service provider.

Currently, the exchange is in talks with regulators to clarify all legal issues related to how it can trade cryptocurrencies on

Russian exchange market and to protect the interest of their purchasers, the press conference revealed.

on his interview with Russia 24 TV channel, where he also proposed restricting cryptocurrency trading to qualified

investors. Moiseev also revealed on Monday that he had been in discussion with the central bank as well as Moscow Stock

Exchange regarding cryptocurrency regulation and trading.