Elvira Nabiullina, Anton Siluanov, and Dmitry Grigorenko did not make a unanimous decision on how to approach the cryptocurrency industry.
Despite Vladimir Putin’s request, the Bank of Russia and the Finance Ministry did not shake hands on a single solution regarding cryptocurrency regulations. While some reports indicated that the largest country by landmass will not ban digital assets, it is still uncertain what legislation it will impose.The central bank of Russia and the Finance Ministry share quite different viewpoints on the digital asset space.
a complete ban on all cryptocurrency endeavors claiming that such assets remind of a pyramid scheme and threaten the local monetary system.that imposing a regulatory framework could be more beneficial. Ivan Chebeskov – Director of the Department of Financial Policy – further noted that the world has become “virtualized,” meaning Russia should embrace cryptocurrencies and not fall behind.
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