Russia to Develop Own Infrastructure for Digital Currency Transactions

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The Russian government has prepared a package of legislative initiatives aimed at establishing a domestic financial infrastructure for operations with digital currencies. The plan envisions the creation of a comprehensive system that will allow transactions with cryptocurrencies within Russian jurisdiction.

Under the proposed measures, individuals and companies would be able to buy and sell digital currencies on Russian trading platforms and store them in domestic depositories. This move is intended to provide more transparent and controlled conditions for the use of digital assets.

Prime Minister Mikhail Mishustin stated that the development of such infrastructure will make cryptocurrency transactions more convenient and secure for users. Additionally, he suggested that the new mechanisms could help businesses reduce costs associated with foreign trade settlements.