![]() Kostarev said Russia, where the central bank says the annual volume of cryptocurrency transactions stands at about $5 billion, was strategically important for Binance. "Our goal is to obtain a licence and conduct legal business where the regulation allows," Binance Eastern European Director Gleb Kostarev told Reuters, adding that his company hoped for a progressive regulatory approach from Russia that could influence the approach taken by its neighbours. President Vladimir Putin has called for the central bank to find a consensus on how to deal with the cryptocurrency business, which central banks and regulators around the globe have been grappling with. They say it should instead regulate a business which could draw in more tax revenues. ![]() Russian politicians have pressed for a change of tack by the central bank, which has proposed restricting cryptocurrency trading and mining because of concerns it may cause financial instability. MOSCOW, Jan 27 (Reuters) - Binance, the world's largest cryptocurrency exchange, wants to expand in Russia and neighbouring states where it sees prospects for new regulations that will boost its business, an executive said.
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