TechFlow reported, according to Russian media, that Russia plans to establish a cryptocurrency exchange in both Moscow and St. Petersburg, aiming to support foreign economic activities (ВЭД).
Legal experts indicated that these exchanges will likely be established under an experimental legal regime. Experts believe that "blue-chip" companies would be the first to gain access, although project functionalities might be limited due to sanction risks.
Insiders revealed that one of the exchanges intends to leverage the infrastructure of the St. Petersburg International Currency Exchange (SPVB) to facilitate foreign economic activities. The other is planned for Moscow, but it has not yet been decided whether it will be built on the infrastructure of the Moscow Exchange or set up independently within the framework of the experimental legal regime.
