cryptocurrencies In Russia, which continues to work on the regulation, the banks association called on the lawmakers to ban crypto money storage in decentralized wallets.
local news source of Izvestia according to the news Russian Banks Association (ADB) decentralized that is not overseen by exchanges in crypto wallets He thinks hiding cryptocurrencies should be considered a crime.
Cryptocurrency Stating that storing cryptocurrencies outside of traditional accounts on exchanges gives investors full control over their wallets, ADB stated that this situation will make decentralized wallets the investors’ own bank.
Thinking that investors should not be allowed to control their own cryptocurrencies Anatoly Kozlachkov, Deputy Chairman of the Banks Association, He said that they prepared the said regulation with the help of the Russian Ministry of Internal Affairs.
“We think there are serious problems with the recovery of cryptocurrency seized as part of a crime and stored in decentralized wallets.”
According to the recommendation of the Banks Association Bitcoin (BTC) and other cryptocurrencies wants to bring criminal liability if stored in decentralized wallets.
ADB also recommended that the authorities of decentralized wallets be criminally liable if they allow investors to open wallets.
While the Ministry of Finance said that they are ready to evaluate the proposed ban and penal action as foreseen, some lawmakers and experts think that the proposal is too radical and difficult to implement.
An organization that includes more than 300 Russian banks and financial institutions. Russian Banks Association, By the beginning of 2022, the world’s largest cryptocurrency exchange Binance had collaborated with
Binance official Olga Goncharova would lead the association’s center focused on cryptocurrency regulation in the country.