Russia may allow crypto mining and gold -covered stable coins, says the legislator - Regulation
Russia may allow crypto mining and gold -covered stable coins, says the legislator - Regulation
Russia can legalize the digging of cryptocurrencies and gold -covered stable coins under state control, a high -ranking member of the Russian Parliament has proposed. The explanation comes after the Bank of Russia has proposed a far -reaching ban on using cryptocurrencies as well as its trade and mining.
mining and some stable coins can be legalized in Russia, emphasizes the Duma MP
The free circulation of cryptocurrencies must not be allowed because they mount the risks for unqualified investors, but Russia can allow the use of gold
On Thursday, the central bank of Russia ( cbr>) published a consultation paper in which it explained its comprehensive view of cryptocurrencies. The currency authority forbid coin operations by the Russian financial system, crypto-investment, exchange and Mining in the country. In the meantime, the bank started the pilot phase of its own digital ruble-projekt. cryptocurrencies should be banned, Gutenev agreed, but Russia could use a stable coin that is gold and is under state control. Such a financial product would be interesting for both private investors and companies. It can also be used to save, said the MP, quoted by the Prime. The gold -covered stable coin could be similar to a golden rubles, the parliamentarian explained, and Russia can use it to avoid sanctions and the policy of containment applied against the country. The coin can also be used to enable regular and transparent economic relationships with other nations. Gutenev announced that he had already discussed the idea with CBR governor Elvira Nabiullina. The head of the industrial and trade committee considers the asset gold compared to reserve currencies such as the US dollar and the euro.
In October, the Foreign Ministry said that Russia could consider to replace the Greenback in currency reserves and trade processing with other currencies and in the future even with digital assets. In the middle of the expansion of the US sanctions, Moscow focuses on the "dedollarization", the deputy foreign minister Alexander Pankin said in a Interview with interfax. Vladimir Gutenev commented on the Bank of Russia's demand for a ban on crypto mining and said that he thinks that cryptocurrency farms could be legally operated if their activities are under strict control of the state. Miners can use the abundant energy resources and favorable climate conditions in some Russian regions, provided that their systems are supplied transparently and they pay all due taxes. an Working group in the state duma, now prepares to suggest After the adoption of the law "via digital financial investments", regulatory gaps remaining in the Russian cryptor compartment. Its members are expected to deal with the open questions in several areas, including the legal status of cryptocurrencies, coin trade and mining. Media reports have shown that not all government institutions share that of the Bank of Russia hard position on this topic. Do you believe that Russia will allow the use of stablecoins and will approve the digging of cryptocurrencies? Share your expectations in the comment area below. Bedy verification : Shutterstock, Pixabay, Wikicommons 