- The head of state Putin announced this on Wednesday, January 26, at a meeting with members of the government.
- According to Aksakov, the digital currency market is developing “too fast” .
Russian President Vladimir Putin said that he is familiar with discussions on the topic of regulating cryptocurrencies in the country. The head of state announced this on Wednesday, January 26, at a meeting with members of the government.
“I am familiar with the discussion that is going on in this regard, the Central Bank of the Russian Federation deals with these issues and regulates these issues,” Putin said.
PUTIN calls on between BANK and GOVERNMENT
The Russian leader Vladimir Putin called on the Bank of Russia and the government to come to a consensus on the regulation of cryptocurrencies, and then report on the results.As State Duma deputy Anatoly Aksakov noted a day earlier, the lower house of parliament can adopt a document aimed at regulating the cryptocurrency market until July 31.
According to Aksakov, the digital currency market is developing “too fast” . The parliamentarian is sure that “it is important to put an end to many issues.”
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Earlier, on January 20, the Central Bank proposed to introduce liability for Russian legal entities and individuals for violating the ban on the use of cryptocurrency as a means of payment. The Central Bank also proposed to ban financial institutions from investing in cryptocurrencies and related instruments.
On the same day, the President of the Cryptocurrency and Blockchain Association, Yuri Pripachkin, noted that the Central Bank needs to learn how to control the circulation of cryptocurrencies, and not try to ban it.
Cryptocurrency market analyst Viktor Pershikov said that the issue of banning cryptocurrency mining is very serious and the Central Bank should discuss it with experts in this field. He noted that he was not ready to unambiguously say that Russia would go for it.