The authorities decided the fate of cryptocurrencies in Russia

RTV: the government supported the concept of the Ministry of Finance to regulate the circulation of cryptocurrency

 The government supported the concept of regulating the circulation of digital currencies, which was developed by the Ministry of Finance. The fact that the authorities decided the fate of cryptocurrencies was stated by a source close to the government to RTVI.

According to him, by February 18, the department, together with the Central Bank, which previously advocated a complete ban on digital currency and mining, will prepare a bill on the regulation of crypto assets. First Deputy Chairman of the State Duma Committee on Security and Anti-Corruption Andrey Lugovoy, who got acquainted with the concept, is sure that this will be a "breakthrough for Russia."

 The authorities decided the fate of cryptocurrencies in Russia

The government supported the concept of regulating the circulation of digital currencies, which was developed by the Ministry of Finance. The fact that the authorities decided the fate of cryptocurrencies was stated by a source close to the government to RTVI.

According to him, by February 18, the department, together with the Central Bank, which previously advocated a complete ban on digital currency and mining, will prepare a bill on the regulation of crypto assets. First Deputy Chairman of the State Duma Committee on Security and Anti-Corruption Andrey Lugovoy, who got acquainted with the concept, is sure that this will be a "breakthrough for Russia."

Bitcoin 

In his opinion, such a step will allow citizens to legally own and use cryptocurrency, as well as buy and sell it. The state will be able to control this gray market, thereby ensuring budget revenues in the form of tax cuts. Their volume is estimated at one trillion rubles,” Lugovoi emphasized.

The MP also believes that this will lead to the emergence of new jobs. The legalization of the sphere will change the attitude of society towards cryptocurrency, he is sure. “Now they can breathe easy, declare calmly, pay taxes calmly,” Lugovoy said.

In January, the Russian Central Bank released a report calling for a complete ban on mining and transactions with cryptocurrency in the country. The Ministry of Finance introduced the concept of digital currency control to the government. The ministry proposes to conduct all crypto operations through Russian banks, identify the participants in the transaction, and divide clients between qualified and unqualified investors.