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Moscow Exchange Clarifies Bitcoin Trading Plans After Conflicting Reports



Moscow Exchange has clarified its cryptocurrency trading plans. This follows “some incorrect reporting that said that Moscow Exchange does not plan to launch bitcoin trading,” according to a representative of the exchange.

Moscow Exchange’s Clarification

Moscow Exchange, the largest exchange group in Russia, has clarified its plans to launch bitcoin trading.

The exchange’s clarification came one day after an article was published with the headline “Moscow Exchange: No Plans to Launch Bitcoin Trading.”

“On the contrary, this is a very new, and very exciting area and we are looking at it extremely closely,” Braginskiy continued. “While it is too early to confirm specific plans today, we are considering all options.”

Following the exchange’s email, the publication promptly modified the content of its article as well as changed the headline to “No, Moscow Exchange Hasn’t Launched Bitcoin or Crypto Trading – Yet.”

Cryptocurrency Derivatives Could Be First

Braginskiy explained that the exchange is preparing to support the trading of any financial products with sufficient demand as well as the corresponding legal framework and investor protections. “This could certainly include cryptocurrencies themselves, as well as cryptocurrency derivatives, cryptocurrency ETFs, etc.,” he wrote, which confirmed news.Bitcoin.com’s reporting on Tuesday.

While there is not yet a definite plan, the exchange is “already working on creating the infrastructure to support such trading,” Braginskiy elaborated. “Specifically, National Settlement Depository, which is part of Moscow Exchange Group, is looking to develop a platform to securely host and store crypto assets and settle transactions.”

Regulatory Framework Needed

For Moscow Exchange to launch cryptocurrency trading, a regulatory framework is needed, according to Braginskiy. Earlier this week, Deputy Finance Minister Alexei Moiseev proposed treating bitcoin and other cryptocurrencies as financial assets, to be listed on stock exchanges and restricted to only qualified investors.

While citing that the regulatory issue is still being discussed among relevant government bodies, Braginskiy said “but as you will have seen, this is an issue that is being discussed very actively, and discussions are moving quickly,”