For the official, banning the use and trade of cryptocurrencies in Russia would be a completely useless work, so he recommends better to go the way of appropriate regulation, which would seek to create clear rules for dealing with operations with these assets.
Russia’s Finance Minister Anton Siluanov recently spoke out in favor of cryptocurrencies and their circulation in the country, claiming that maintaining an anti-cryptocurrency outlook would be a futile endeavor.
“Banning cryptocurrencies would be like trying to ban the internet…” , asegura Siluanov
The official’s statements came in a statement recently published by Forbes news agency, where Siluanov said the following:
“The Central Bank wants to take and ban cryptoassets, cryptocurrencies, arguing that this creates risks, mainly for citizens, it can ‘infect’ financial institutions, banks and create an opaque settlement market. Doing that would be the same as trying to ban the Internet, which is impossible.”
In this regard, Siluanov also partly validated the concerns of the Bank of Russia, since cryptocurrencies would be an instrument, like any other, that can lend itself to commit financial crimes. However, he argued that the position is misplaced, because trying to ban this ecosystem is a much worse measure, so the best thing to do would be to try to regulate it so that it works in accordance with existing laws.
Ambivalence in Russia towards cryptocurrencies
Although the picture already seems to be much clearer in recent times, until very recently there was great ambivalence in the Asian country about whether or not to ban the use and trading of cryptocurrencies locally.
The main entity against is precisely the Bank of Russia, the entity that governs the monetary and financial policies of the country, whose directors said that the ideal would be to prohibit the use and marketing of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies, precisely to prevent these assets see utility as mechanisms to legitimize capital capital is most commonly defined as the large sum of money you would use to invest. or undermine the sovereignty of the ruble.
On the other side are personalities like Siluanov himself and the country’s deputy prime minister, Dmitry Grigorenko, who are much more open-minded and oriented towards proper regulation.
Although what could be interpreted as the coup on the table are the statements of Russian President Vladimir Putin, who in a video conference with members of the government held in late January, made it known that he was familiar with the discussions on the regulation of the new asset class, and said that banning is not the way.
It should be noted that the Bank of Russia has recently granted permission for the tokenization service to be used for the following purposes Atomyze is listed as the nation’s first digital asset management company.
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Version by Angel Di Matteo / DiarioBitcoin
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