Finance Minister Suggests: Russian Banks Should Start Trading Cryptocurrency!

Cryptocurrency Another good news came from Russia, which has kept its place on the agenda with positive statements regarding its units.

In a letter to the Prime Minister, the Russian Finance Minister stated that cryptocurrencies should have the same status as gold and other assets.

banks in this regard. cryptocurrency Stating that permission to sell should be given, the Minister stated that he recommended the legalization of cryptocurrency trading.

Let Banks Sell Bitcoin!

Unlike the Central Bank of Russia, which advocates a ban on cryptocurrencies, Siluanov thinks banks can mediate cryptocurrency trading and licensing rules can be introduced for other types of businesses as well.

However, both the Ministry of Finance and the Central Bank of Russia agree that cryptocurrencies cannot be a means of payment in Russia.

Behind this approach of the Minister of Finance, there are also expectations regarding tax returns. Because it is estimated that crypto money trading and other activities in Russia will create a tax resource of $ 2.3 billion.

The call of the Central Bank of Russia to “ban cryptocurrencies” in January did not find a response, and it caused the opposite approach to flourish. Putin’s disapproval of these bans strengthened his bold statements about cryptocurrencies.

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