Every day, a new development is added to the news of cryptocurrency regulation and even legal recognition of cryptocurrencies from Russia. President, according to a new development Vladimir PutinDespite a request from , top Russian officials seem unable to reach an agreement. Elvira Nabiullina, Governor of the Central Bank of Russia, expressed her opposition to Russian Plans to legalize cryptocurrency.
Despite Putin’s request to develop a consensus formula, senior government officials failed to reach an agreement on how to regulate cryptocurrencies at Tuesday’s meeting.
Central Bank of Russia Its President, Elvira Nabiullina, Finance Minister Anton Siluanov and Deputy Prime Minister Dmitry Grigorenko held intense talks but failed to reach a consensus on the management of cryptocurrencies. People who are closely following the issue made some statements, stating that their names were kept confidential since the meeting was not open to the public. In addition, neither the central bank nor the press service of the Ministry of Finance made any statements. A spokesperson for Grigorenko also declined to respond to a request for comment.
Putin, who demanded a definitive and quick solution in January, could not determine a policy as the authorities could not reach an agreement. Kommersant newspaper reported last week that the Ministry of Finance and the Central Bank will prepare a draft law on the subject by February 18.
However, the Central Bank suggested banning the cryptocurrency, citing too much risk. Bloomberg also confirmed that a letter was sent to Siluanov from Nabiullina on Friday recommending a ban on cryptocurrencies.
Russian regulators. cryptocurrencyHe thinks that these are like a pyramid scheme, and he thinks it can put investors, the financial system and the economy at serious risk. This is why the government wants to regulate digital currencies to pull them out of the shadows and attract investment.
Current Russian law accepts crypto assets but prohibits using them as a currency for payment. In other words, cryptocurrency remains a largely unregulated industry. However, a recent government report estimates that Russians hold about 2 trillion rubles ($26 billion) in cryptocurrencies.