We provide well-informed investment information by accurately and quickly grasping the flow of the market.

Delio Curation

Russia to Launch National Crypto Exchange


Amid the digital industry expansion, Russian lawmakers are drafting proposals to establish a national cryptocurrency exchange under government oversight, the crypto media channel Finbold reported on November 24.


Indeed, the Ministry of Finance and the Central Bank of Russia, which have a protracted history of disagreement over crypto legislation in the country, both support this enhancement approach.  According to Sergey Altukhov, a member of the Economic Policy Committee, conditions must be created that would allow the legalization of digital currencies and adjustment of the “rules of the game” within the national legislative frame.


Thus, the exchange regulation framework that the Duma members are drafting specifically relates to a draft amendment that will be preceded by the preparation of a document that considers the state of the market, following which it will be presented to the government and the Bank of Russia for debate.


It’s also worth noting that starting this September, the local Finance Ministry is working on a draft that would govern cryptocurrency mining, with a particular emphasis on energy-rich locations where the practice would be permitted.



Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.