[Blockchain Today Correspondent Yohan Park] Despite Russian President Vladimir Putin’s ‘unanimous’ request for a settlement, the Russian central bank and the Ministry of Finance have not come up with a single solution to the regulation of cryptocurrencies, Cryptopotato reported on the 15th (local time). .
Russia will not ban digital assets, but it remains unclear which legislation it will pass, according to reports citing a Bloomberg report. It is known that the Russian Central Bank and the Ministry of Finance have significantly different views on digital assets.
In January, the Central Bank of Russia proposed a “complete ban on cryptocurrencies,” arguing that digital assets are reminiscent of a pyramid scheme and threaten the local currency system. In response, Russia’s Ministry of Finance argued that “regulation would be more advantageous than a complete ban”.
In particular, Ivan Chebeskov, head of the Department of Financial Policy, emphasized, “The whole world is virtualized, which means that Russia must embrace cryptocurrencies so that it does not fall behind other countries.” In this regard, Russian President Vladimir Putin has called for a “unanimous agreement”.
According to Bloomberg, Bank of Russia President Elvira Nabiullina, Finance Minister Anton Siluanov and Deputy Prime Minister Dmitry Grigorenko discussed the situation at a joint meeting, but could not decide which legislation to apply. In addition, a spokesman for the Ministry of Finance and the central bank’s media service declined to provide further details.
Aside from the controversy over cryptocurrency legal status, the Russian government currently does not allow cryptocurrency payments.
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