Strict Regulations Coming to Cryptocurrency Transactions in Russia

Recently, Russian President Vladimir Putin made statements about cryptocurrencies; to the cryptocurrency mining business if some regulations are made. hot He said he was looking. In response to this, the Central Bank of Russia has taken a strict stance against cryptocurrencies and completely removed cryptocurrencies from the country. ban had stated that it was necessary.

However, according to aon information, it seems that the winner of this discussion will be Putin. According to a recent report, from the Russian government, which prefers to regulate rather than ban digital currencies, a series of new and stringent policies for the cryptocurrency market have been introduced. arrangement is coming.

Strict controls on cryptocurrency transactions are coming in Russia

It has been reported that the Russian government, which has been evaluating how to handle the crypto money situations in the country for a while, will publish a set of new rules on cryptocurrencies on February 11, 2022. As of now, there are two current proposals for how cryptocurrencies will work in Russia; but it is interesting that these two proposals come from different sides of the government. The ‘Central Ban’ proposal has a direct impact on cryptocurrency activities. to be forbidden On the other hand, Russia’s Finance Minister argued that cryptocurrencies should be strict regulations It recommends trading even if it is below.

The first of these two ideas, the Central Bank’s direct ban on cryptocurrencies, does not seem to be very popular. More popular In the proposal from the Ministry of Finance, which is the Ministry of Finance, with the new control regulations, Russian citizens with crypto assets can use them as assets; however, the government strictly monitors each and every crypto transaction. tax is said to receive.

The Central Bank of Russia, on the other hand, argues in a recent advisory that not all digital currency transactions should go through Russia’s financial infrastructure. The Ministry of Finance, on the other hand, insists that authorities should distinguish between good and bad crypto market activity. However, either way, there is no question of Bitcoin being recognized as a payment method in Russia. that you can’t is underlined.