Russian Finance Minister Siluanov: Banning Crypto In Russia Is No Different From Banning The Internet

Russian Finance Minister Anton Siluanov said that it is impossible to ban cryptocurrencies like bitcoin (BTC) in Russia.

forbes.ruof February 16 In the briefing of the ministry with the central bank, Siluanov, I think that banning crypto in Russia is similar and impossible to banning the internet. told.

Minister, the cryptocurrency industry as possible that it is much better to start editing as soon as possible than to ban it. told. In this way, the government can monitor the market and crypto mining taxes. contribute to the national budget. expressed.

In the briefing, he said, “What’s wrong with that, I don’t see why it should be banned.” In his statements, Siluanov said that it is an easy solution to tax the market. government’s deposited and must be taxed on profits derived from withdrawn fiat currencies. thinking Siluanov;

The Central Bank wants to impose a direct ban on crypto assets, primarily arguing that they pose a risk to citizens and that financial institutions could disrupt the existing order of banks.

said.

The Minister acknowledged these concerns and therefore February He noted that the crypto regulation published earlier this month limits non-professional investors’ access to cryptocurrencies.

Siluanovthe maximum amount for inexperienced traders 50,000 Russian rubles ($660) with 100,000 rubles ($1,300) reported that it can be adjusted between previously Siluanov’s assistant Alexei Moiseevsuch purchases 660 dollars suggested that it be limited to

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