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Aksakov: there is no consensus on cryptocurrencies in the State Duma, they will come to it at least six months later

by Vaibhav
January 22, 2022
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The position of the Bank of Russia in relation to cryptocurrencies has been known for a long time and it is the toughest among all regulators, and therefore there is nothing unexpected in the report presented by the Central Bank. This was stated by the head of the State Duma Committee on the financial market Anatoly Aksakov.

He stressed that the report of the Central Bank is not the final document on the regulation of the industry in Russia, but creates an additional opportunity for discussion.

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The official added that there is no consensus on this issue in the State Duma. According to him, a consensus will be reached in at least six months.

The issues of using the Russian infrastructure for operations with digital assets need additional discussion:

“On the one hand, we understand that it is necessary to minimize risks, especially for unqualified investors. On the other hand, the market is developing, and, obviously, someday it will acquire a more civilized content,” he said.

Recall that on January 20, the Central Bank of the Russian Federation presented a report in which it proposed to ban the circulation of cryptocurrencies and mining in the territory of the Russian Federation.

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Experts interviewed by Cryplogger said that such an initiative is guaranteed to provoke an outflow of specialists and revenues to the economy and criticized the arguments of the Central Bank in favor of a mining ban.

In December, Aksakov said that the Russian authorities were discussing various options for regulating the bitcoin industry, from a complete ban on the possession and purchase of crypto assets to the legalization of bitcoin exchanges.

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