Russians have invested over $ 67 billion in cryptocurrency, the legislator reveals-

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in Russia is growing in the interest in cryptocurrencies, not least with non -qualified investors. According to recent estimates, the Russians have already invested more than $ 67 billion in the cryptom market, whose capitalization has increased significantly this year.

Russians gave around 5 trillion rubles for crypto

Russian residents have exchanged 5 trillions of their national fiat (over $ 67.5 billion) for cryptocurrencies, announced a high-ranking member of the State Duma without specifying a time frame. During the hearings in the lower house of the Russian Parliament on Monday, the chairman of the financial market committee Anatoly Aksakov said:

According to some reports, 5 trillion ruins of Russians have already been invested in cryptocurrency.

Bitcoin and the like must be comprehensively regulated in Russia, where the law "via digital financial investments", which came into force at the beginning of this year, only introduced some rules for some of the activities associated with it - Coin emissions, for example - but key areas such as mining and tax remain outside the scope of Russian legislation.

AKSAKOV noticed that the crypto market has aroused the interest of investors, including ordinary Russians. Quoted from the TASS news agency, he further emphasized that it was time to decide that the authorities in Moscow decide what to do in this regard. He stated:

It is necessary to determine how we deal with this phenomenon and accordingly prescribe legal obligations if we prohibit or restrict something.

Media reports have that Russian government institutions have different views about it, as with Regulation of cryptocurrencies. Various approaches are currently being discussed and weighed, which range from the imposition of a blanket ban to the legalization of crypto investments and trading, Aksakov announced last week, cited by Interfax.

, citing sources near the Russian Central Bank (CBR), Reuters revealed that the currency authority is considering the ban on crypto purchase, while its current position is a "complete rejection". At a press conference, governor Elvira Nabiullina confirmed the skeptical attitude of the regulatory authority to cryptocurrencies and should not be used to make it easier for Russia's financial infrastructure to make cryptotranships easier

Other officials have also expressed their opinion on this topic. In October, deputy finance minister Alexey Moiseev Coming China and forbids their citizens to acquire cryptocurrencies on foreign stock exchanges or to keep them in crypto wallets abroad.

estimates cited from the Bank of Russia in their recently published overview of the finance stability for the second and third quartal 2021 showed that the annual volume of the digital currency transactions made by Russians is around $ 5 billion. In its analysis, the currency authority warned that cryptocurrency surgery rescues risks to the financial stability and investors of the country.

Do you believe that coming regulations will influence the behavior of Russian crypto investors? Tell us in the comment area below.

lubomir Taskensev

lubomir Taskersev is a technically experienced journalist from Eastern Europe, who likes Hitchens' quote: "To be a writer is what I am and not what I do." In addition to crypto, blockchain and fintech, international politics and business are two other sources of inspiration.


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