U.S.-sanctioned Moscow Exchange to list bitcoin and Tether’s USDT in December
Source: CoinDesk ·
From the source
Russia’s main bourse wants back the crypto trading Russians do abroad, and one of the coins it's listing is issued by a company that freezes wallets on the U.S. sanctions list. Russia’s largest stock exchange is going after the offshore crypto market. Starting Dec. 1, Moscow Exchange will let Russians trade bitcoin, ether and USDT on the screens they use for Sberbank and Gazprom shares. The exchange announced on Monday that trading will run from 06:50 to 23:50 Moscow time, matching its stock market hours. The National Clearing Centre will clear the trades, with same-day or next-day settlement and swaps for managing liquidity. Both the exchange and its clearing house are under U.S. sanctions. The U.S. Treasury blocked Moscow Exchange and the National Clearing Centre in June 2024 and issued wind-down licenses for dealings with them. USDT, the dollar stablecoin on the launch list, is issued by Tether, which freezes wallets that land on the Treasury’s sanctions list. Retail access comes…
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