Russia's ministry of finance is heading for a showdown with the country's central bank over cryptocurrencies 🔥 Government officials want to soften their stance on crypto investing, but the Bank of Russia is pushing for an outright ban 👀
Russia's ministry of finance is heading for a showdown with the country's central bank over cryptocurrencies.
Government officials still want to prohibit digital assets from being used as a means of payment, but plan to soften their stance in other ways. Citizens who pass an online test and prove they have a satisfactory level of knowledge about cryptocurrencies and their dangers would be able to invest up toInternational crypto exchanges would also be allowed to operate as long as they obtained a license, performed Know Your Customer checks, and had financial safeguards in place.
But all of this contradicts the Bank of Russia, which is preparing bills that would ban private digital currencies from circulating within the country — and fine those who break the rules. According to the TASS news agency, both organizations have held talks in an attempt to reconcile their differences and find some middle ground, but no "significant progress" has been made."The proposals received from the Bank of Russia will be taken into account in further work on the draft law insofar as it does not contradict the approaches of the Russian Ministry of Finance.
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