While China bans ICO, Russia is getting closer to legalizing and regulating cryptocurrencies.
As reported by news.bitcoin.com, the Russian Deputy Finance Minister, Alexei Moiseev has proposed Bitcoin regulation and the possibility of digital assets being listed on Moscow’s stock exchange. Now the country’s Deputy Prime Minister, Yury Trutnev claims the Russian Federation Central Bank has approved the first cryptocurrency trading platform for private investors. The exchange is called “Voskhod”.
We are considering the possibility of creating a platform for trading with cryptocurrencies. The central bank has supported us. The system “Voskhod” was the first in the country to receive the right to work with cryptocurrencies.
Russia’s Deputy Prime Minister
The news comes along with the information about the two of the nation’s energy companies, Evrosibenergo and Gazprom, possibly partnering with local Bitcoin miners. As Trutnev details, there's an abundance of electricity in particular regions within the nation that could help the mining industry a great deal.