Russia has no plans to ban Bitcoin like China, says the deputy finance minister
Russia has no plans to ban Bitcoin like China, says the deputy finance minister
The government of the largest country, which is largely in the area, does not intend to ban the purchase of digital assets by citizens at foreign trading places, assured the state's deputy finance minister. However, cryptocurrencies remain prohibited as a means of payment within the borders of Russia.
not like china
according to a locals
"At the same time, citizens can buy wallets outside of the Russian Federation (cryptocurrencies) and use. So it will stay, I think. There are no plans to change something."
If local investors operate with digital assets within Russia, they will "be subject to a ban on the foreseeable future due to the country's financial sovereignty," added Moiseev. The deputy minister also found that the government would not change its attitude towards digital assets as a means of payment. They will remain prohibited, since conversely it could mean loss of control over the money supply. In contrast to most Russian politicians who criticized the cryptocurrency industry and everything related to it, Moiseev believes that blockchain technology could be part of the future financial network: "The blockchain will obviously occupy its own niche and are used where equality is required." Therefore, Russia's approach seems to be completely different from China, since China continues his nationwide approach to the industry by prohibiting all local organizations dealing with crypto companies. In contrast, US officials work, regulate digital assets instead of banning them completely. As mentioned above, the majority of Russian politicians and rulers have beaten Bitcoin and the old coins in their youngest comments. This is the case with the boss of the Russian Central Bank-Elvira Nabiullina-The called that the investment in digital assets is the most dangerous investment strategy. Your colleague-Sergey Shvetsov-went on, Specification that the handling of Bitcoin corresponds to the risks to enter a mine field. However, Oleg Deripaska does not think that. The billionaire and founder of the largest Russian charity foundation-Volnoe delo- criticizes the crypto posture of the Bank of Russia. He believed that the country should not do without Bitcoin, but should add it as a payment method, and gave an example with El Salvador: "Even the poor El Salvador has recognized the need for digital currencies and has taken a simple way to recognize Bitcoin as a means of payment." Deripaska believes that Russia could process business qualifications with the rest of the world more effectively, since Bitcoin is a "real financial instrument that enables independence in foreign trade agreements". . Alexey Moiseev, Minfin.gov.ru
should Russia take Bitcoin?
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