Moscow Exchange Opts out of Russia's Crypto Trading Program

The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the central bank. While the Moscow Exchange has chosen not to join the initiative, the Saint Petersburg Stock Exchange (SPB Exchange) has indicated plans to actively engage in the cryptocurrency trading experiment. The legal framework aims to regulate digital currency trading within Russia’s financial system under strict control by financial authorities.