In a letter to the Prime Minister, the Russian Finance Minister said that cryptocurrencies should be treated the same as gold and other investment vehicles.
Local Russian newspaper According to Kommersant’s report, In a letter to Prime Minister Mikhail Mishustin on Feb. 3, Russian Finance Minister Siluanov reiterated the ministry’s stance on regulating crypto instead of banning it, and recommended legalizing cryptocurrency trading through banks.
The minister argues that unlike the central bank, which advocates a ban on cryptocurrencies, banks should have the authority to trade cryptocurrencies and introduce licensing rules for other exchange derivatives. However, both The Ministry of Finance as well as the Central Bank of Russia, cryptocurrencies in Russia cannot be legally a means of payment. stated to be in agreement.
Siluanov, Central bank of Russia and anti-money laundering (AML) He said blockchain technology should be used for Rosfinmonitoring to access information about transactions related to cryptocurrencies.
Minister of Finance, approximate of people living in Russia $26 billion He said he thinks they have worth of cryptocurrencies. Kommersant newspaper, on the other hand, wrote that these crypto assets should be legalized after the proposed new regulations come into force.
According to the news, mining and non-local cryptocurrency exchanges should also be licensed, and this 2.3 billion dollars in tax It is said to bring
In the news of Kommersant, get to know your customers, which are mandatory for the purchase of investment instruments in banks in order to be able to sell crypto money. (KYC) and AML He said checks should be made.
The Russian government had agreed on a roadmap for cryptocurrency regulation by the end of this year.
Russian President Vladimir Putin asked the government and the Central Bank of Russia to come together on a common point on the regulation of cryptocurrencies.