Forex

Foreign currency trading firms

Opinions expressed by Forbes Contributors are their own. I write about business and investing in emerging markets. Qualified investors could be able to buy and sell risky crypto-currencies and related products on the Moscow Exchange. Moscow Stock Exchange if you’re a qualified investor. In doing so, Russia would be the first stock exchange to make crypto-currency a new investable asset.

But wheels are in motion at the chief regulator of the Russian stock exchange that hopes to have a testing platform up and running in early 2018. Russia’s Deputy Minister of Finance, Alexei Moiseyev, told Rossiya 24 on Tuesday welcomed the idea and said that the exchange regulator will only allow for qualified investors to trade in crypto-currency in order to avoid large money laundering operations. Qualified investors in Russia need to have at least six million rubles in personal assets or 200 million rubles for investment firms. Moscow Exchange, was developing a blockchain platform to provide deposit and settlement services for digital assets. The platform is built in partnership with Waves, the public blockchain project designed by Russian physicist and local crypto currency guru Sasha Ivanov in Moscow.