Cryptocurrencies thinks that it should be regulated within certain limitations Russian Finance Minister Anton Siluanov made new statements.
Anton Siluanov, Ministry of Finance cryptocurrency He said that he wanted to allow the exchange of his units with the ruble as well as in foreign currency.
The Finance Minister also expressed that he wants the assets of cryptocurrencies to be taxed rather than banned.
Touching on cryptocurrency mining, Siluanov stated that the legalization of mining was also discussed.
Contrary to the prohibitive approach of the central bank, Minister of Finance Siluanov, who thinks that regulation should be made with cryptocurrencies, said that he expects the bill on cryptocurrencies to be passed this year.
What Happened With Cryptocurrency In Russia?
The Central Bank of Russia is proposing to completely ban cryptocurrency trading and mining due to concerns that it could cause financial instability.
But the finance ministry, including Russian President Vladimir Putin, disagrees with the central bank on this issue. In this context, Putin urged the authorities to find a compromise.
In this context Central Bank of Russia Its President, Elvira Nabiullina, met with Finance Minister Anton Siluanov and Deputy Prime Minister Dmitry Grigroenko to discuss cryptocurrency regulation in the country.
However, at their meeting, the parties cryptocurrencies failed to reach an agreement on how to organize it.
In every statement he made, the Russian Finance Minister states that the legal regulation of cryptocurrencies will contribute positively to the country’s economy and says that it should be regulated legally.