bitcoin ·
Moscow Exchange to list Bitcoin, Tether's USDT in December despite US sanctions
The Moscow Exchange, which is subject to U.S. sanctions, plans to introduce listings for both Bitcoin and Tether's USDT during December.
This development indicates the main Russian stock exchange's intention to recapture the cryptocurrency trading activity currently undertaken by Russian participants overseas.
Notably, one of the digital assets slated for listing is issued by an entity that maintains wallets on the U.S. sanctions list.
This move presents a complex regulatory dynamic, given the sanctions imposed on the exchange itself.
The inclusion of Tether's USDT, a token associated with a sanctioned entity, raises questions regarding compliance for market participants and institutions operating within the framework of international financial restrictions.
This action reflects a broader trend among exchanges to integrate major digital assets, even while navigating significant geopolitical and regulatory headwinds.
Why it matters
This move indicates a continued effort by Russian financial institutions to facilitate crypto trading domestically. The listing of assets tied to sanctioned entities raises questions about regulatory compliance and international financial oversight.
Earlier coverage
Reported by CoinDesk.
Topics: bitcoin, regulation, exchange.
