In response to compliance concerns, the exchange is making the decision to exit the Russian market. It has announced the sale of its regional unit to CommEX, a newly-launched exchange. This move aims to address the regulatory challenges faced by the exchange, ensuring that all necessary compliance requirements are met.
By selling its regional unit to CommEX, the exchange is taking a proactive approach to maintain legal and regulatory compliance in the Russian market. This decision reflects the exchange’s commitment to uphold industry standards and operate in accordance with local regulations. The newly-launched CommEX exchange provides an opportunity for the exchange to transition ownership smoothly while continuing to serve its customers in the region.
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Keyphrase: “Exchange exits Russian market due to compliance concerns”
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