Crypto ban proposed by the Bank of Russia met with resistance in parliament, in the government-regulation
Crypto ban proposed by the Bank of Russia met with resistance in parliament, in the government-regulation
The central bank's advance for a restrictive policy in relation to cryptocurrencies has no support from members of the Russian government, the legislator or the law enforcement authorities. A flat-rate crypto ban, as proposed by the bank, would make Russia ridiculous, warned legislator.
The hard attitude of the Bank of Russia to crypto is rejected by other Russian institutions
The lobbying of the Central Bank of Russia for a prohibition legislation for cryptocurrencies met with no understanding of other government agencies, as Russian media unveiled. Last week, the regulatory authority published a consultation paper in which a far-reaching ban on Crypto activities, including use, exchange and digging digital coins, is required.
The Russian government, the parliament and even law enforcement authorities such as the Ministry of the Interior (MVD) and the federal security service (FSB) are not ready to support the proposals of the currency authority, Lenta.ru reported on two high -ranking members of the State Duma.
an Working group In the Bundestag, suggestions are now discussed in order to be " Financial investments ”to be closed in January 2021 CBR is now isolated with his view of cryptocurrencies.
Anatoly Aksakov, who heads the financial market committee, and Andrey Lugovoy, deputy chairman of the security and anti-corruption committee, also accused the bank to mislable the applicable legislation. "It is quite obvious that we are talking about cryptocurrencies - about bitcoins, about Ethereum, about Litecoins, over everything," emphasized Lugovoy.
Russia could be mocked, warns the MP
Andrey Lugovoy noticed that the Russian legislature had consistently tried to legalize the new industry since the law on digital assets. He pointed out that a draft law to regulate the crypto control was already accepted in the first reading in the Duma, but the bank of Russia blocks its final acceptance and rejected all changes, even though it originally supported the proposal.
Nobody has put an end to the cryptocurrencies yet, emphasized Anatoly Aksakov. He sees the central bank's report on this topic only as a reason for further discussions. The head of the financial market committee has called for the legalization of the crypto mining and suggested that this should be the case entered as a commercial activity and accordingly taxed.
lugovoy added that the position of the Bank of Russia was not completely justified, and expressed his opinion that it was impossible to prohibit the circulation of cryptocurrencies. "Let us explain the ones who want to prohibit them practically so that we don't make the whole world mockery," he said.
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