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Russia is planning to launch two new cryptocurrency exchanges, one in Moscow and another in St. Petersburg, to help support foreign trade. These exchanges will likely operate under special legal conditions, but experts are concerned about the challenges they might face due to sanctions and regulatory issues.
New Crypto Exchanges for Trade
According to Kommersant, Russian authorities are considering setting up two crypto exchanges to assist with international trade. One exchange will use the existing St. Petersburg Currency Exchange, while the other is planned for Moscow.
According to Kommersant, Russia plans to create at least two cryptocurrency exchanges, one focused on foreign economic and trade activities; the other is planned to be established in Moscow. In addition, a stable currency linked to the RMB and the BRICS currency basket will be…
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