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<h2 id="header-0">According to a prominent member of the Russian parliament, the biggest exchanges in the country are prepared to start using cryptocurrencies as soon as authorities approve cross-border cryptocurrency payments.</h2>The high-ranking official continued, &#34;The stock and commodity trading platforms in Moscow and St. Petersburg are working to build this market.&#34;Top Russian Exchanges Await Moscow&#39;s Approval for Cryptocurrency PaymentsAccording to the chairman of the State Duma&#39;s Financial Market Committee, major Russian exchanges are prepared to begin accepting <a href="https://www.coingabbar.com/en/crypto-dictionary/cryptocurrency" rel="noopener noreferrer nofollow">cryptocurrency</a> trading as soon as legal frameworks for crypto settlements are established by government bodies.Anatoly Aksakov stated in an interview with Parliamentskaya Gazeta, the official publication of the Federal Assembly, that Moscow Exchange, St. Petersburg Exchange, and the St. Petersburg International Commodity Exchange are actively working to develop the market and are prepared to immediately get involved in the process because the infrastructure is already in place.The Russian deputy made the point that legislation intended to govern the subject is now being debated, as was also reported by the cryptocurrency news outlets Bits.media and RBC Crypto. The member said that the required measures might be passed as early as November.In order to get around financial limitations imposed by the West as a result of its military invasion of Ukraine, Russia turned to cryptocurrency. They are now seen by the Russian government as an instrument that can guarantee continuous cross-border payments.Midway through September, Prime Minister Mikhail Mishustin gave the Central Bank of Russia and the Ministry of Finance the mandate to develop by the end of the month a joint stance on the federal legislation required to control the creation and circulation of digital coins, including their mining and use in international settlements.It was reported last week that the two regulatory bodies had already established a wide consensus on a measure legalising the use of cryptocurrencies in international trade agreements. A method to enable such cryptocurrency payments is already being developed in Moscow, according to sources in Russian media.

Russian Exchanges Prepare to Launch International Crypto Payments, Lawmaker Announces

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