Russian government presents regulatory scenarios for cryptocurrencies within a week, report - regulation
Russian government presents regulatory scenarios for cryptocurrencies within a week, report - regulation
The Federal Government of Russia should be ready by the end of the next working week with various regulatory scenarios for the country's cryptom market, as documents of a recent meeting indicate. The executive in Moscow prefers regulation to ban cryptocurrencies and related activities.
The government tended to legalize cryptocurrency in Russia instead of banning it
The Russian government, the host of the ongoing debate about the future of decentralized digital money in Russia, will present alternative scenarios for crypto regulation until 11th February. Rel = "Noopener"> White House Last week in Moscow.
The fate of the cryptocurrencies in the country is probably decided by the result of a collision between two opposing views. While the central bank of Russia suggests a package of crypto-related activities such as edition, exchanging and Schrefen, the Ministry of Finance urges legalization under strict rules and without recognizing Bitcoin as a means of payment.
Most government institutions, including the responsible ministries, supported the approach proposed by the Ministry of Finance. If it is assumed, Russians who have digital coins can operate, as with fixed assets under the guilty eye of the government, operate transactions over Russian banks and pay taxes.
The Bank of Russia explained its position on cryptocurrencies in A Consultation papier Last month. It states that all transactions with private digital currencies outside of Russian jurisdiction and without the use of the Russian financial infrastructure should be carried out. On the other hand, the Ministry of Finance insists that the authorities should distinguish between "white" and "black" cryptoma market activities. However, both agree that cryptocurrencies should not be granted statutory payment status.
Last week RBC reported that the government designed a regulation Timetable , signed from the deputy prime minister Dmitry Chernyshenko. According to the commerce, his concept for regulating the cryptom market was outlined in a letter from Finance Minister Anton Siluanov to Prime Minister Mikhail Mishustin. It has been agreed with other departments and supervisory authorities, including the Ministerials for Economic Affairs and Digital Development, Russian financial supervision, rosfin monitoring, the Federal Tax Service and the Federal Safety Service.
According to Siluanov, Russian citizens have 12 million crypto money exchanges with coins worth around 2 trillion rubles (almost $ 26.5 billion). However, expert sources cited by Bloomberg recently did this Government also works with a much higher estimate, according to which the Russians have 215 billion dollars of cryptocurrency.Do you believe that Russia will legalize cryptocurrencies in the near future? Tell us in the comment area below.
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