Market news | The Ministry of Finance proposes to allow non-residents to buy cryptocurrency in Russia

Non-residents will be able to gain access, including remote access, to work with digital currency exchange operatorsand foreign exchanges of digital currencies within the Russian jurisdiction

In case of formation of legal turnovercryptocurrencies in the Russian legal field and within the framework of the Russian financial system, there is a high probability that foreign investors will come to purchase newly created cryptocurrencies from Russian miners

- from the explanations of the Ministry of Finance to the concept of regulation of the cryptocurrency market

Limit the list of tools:

Currently, foreign cryptocurrenciesexchanges often do not conduct any verification of projects before listing, allowing openly fraudulent assets and cryptocurrencies of financial pyramids to be traded. In contrast to thisregulated turnover through licensed Russian organizers of the exchange system will limit the list of traded assetsand offer Russian citizens access only to the most mature and established cryptocurrencies for which AML/CFT tools and procedures have been developed

Russian cryptocurrency exchanges:

Availability of legal circulation and requirements forlicensing of cryptocurrency market operators will ensure the registration of Russian cryptocurrency exchanges, representative offices of foreign cryptocurrency exchanges and other players in this market in the Russian legal field

The Ministry of Finance proposed to allow foreigners remote access to the purchase of cryptocurrencies in the Russian Federation (interfax.ru)