The Russian Ministry of Finance is preparing a draft law to legalize trading in cryptocurrencies on approved exchanges.
Russian Finance Minister Aleksey Moiseev told RNS that the ministry “is the right of cryptocurrency trading on official exchanges”.
The report added, “We don’t want to limit it, but we will impose some limitations,” adding that “nothing will happen” to those who hold cryptocurrencies.. Deputy Minister:
“This is about the fact that there will be some standards set for trading cryptocurrencies somehow. In general, there will be an obligation to trade on official exchanges, and as stated, this transaction will be legalized.”
List of Discussed Law Platforms
The bill for the regulation of cryptocurrencies and ICOs was last year’s December. It was jointly presented by the country’s Ministry of Economy and the Central Bank late in May.
After discussions at the people’s council, a series of comments were made, which we are now finalizing.. Tass announced on Thursday that his ministry plans to finalize the bill “including the development of rules for the circulation of cryptocurrencies” and submit it to the State Duma in February.
Moiseev said on which platforms will be legalized:
“We will actively discuss this topic (list of approved exchanges). This issue is still not resolved. The rest is more or less clear.”
Putin stressed the Need for Regulation
According to the chairman of the State Duma Financial Markets Committee, the bill regulating cryptocurrencies and ICOs has been Expected to be adopted in March. The country’s president, Vladimir Putin, has ordered that the regulatory framework for cryptocurrencies and ICOs be completed by July 1 next year. emphasized that. Putin:
“It is known that there is nothing behind cryptocurrencies. It cannot be a means of accumulation, there is no material value behind it, it is not provided with anything.. On a certain scale and in certain situations, this (cryptocurrency) can be a means of payment that can be done quickly and effectively.” will be responsible for difficult situations.” said. “For now it’s one’s own responsibility and the government is just saying ‘you can do this but you can’t do that’ and if it’s still not clear there will be some issues that need to be resolved.”
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