Bank of Russia labels Bitcoin purchases as capital outflows from the economy
Russians investing in digital currencies are depriving the economy of funding, the Bank of Russia said.Latest news and expert analysis on the legal regulation of Bitcoin in Russia.
Bank of Russia labels Bitcoin purchases as capital outflows from the economy
Russians investing in digital currencies are depriving the economy of funding, the Bank of Russia said.
Kazan proposed as a pilot zone for regulating cryptocurrencies
The head of the Ministry of Digital Development of Tatarstan Ayrat Khairullin proposed making Kazan a pilot zone for testing the regulatory possibilities of the cryptocurrency market in the Russian Federation.
Crypto regulation in Russia forecast to be in place by end-2023
With government backing, the State Duma of the Russian Federation is set to approve the legislative regulation of the cryptocurrency market by the end of 2023, according to Andrey Lugovoy, deputy chairman of the State Duma's security and anti-corruption committee.
Duma deputy says FSB pressure on the Bank of Russia is a fabrication, outlines concept for regulating the crypto market
The deputy chair of the State Duma's security committee said that reports of FSB pressure on the Bank of Russia regarding a crypto ban are not true.
State Duma does not rule out experimental legalization of Bitcoin
Under the law on experimental legal regimes, cryptocurrencies could be legalized to assess under tight control how the elements of this infrastructure operate, according to Anatoly Aksakov, head of the State Duma committee on the financial market.
Aksakov: Russia’s mining fate and bitcoin exchanges require debate
Russia must carefully discuss the future development of mining and the possibilities for exchanging cryptocurrencies in order to make a well-considered decision. This was stated by the head of the State Duma Committee on Financial Markets, Anatoly Aksakov.
Russian Finance Ministry opposes a ban on cryptocurrencies
The cryptocurrency market must be regulated, not banned, as this is the only way to ensure its transparency to protect Russian investors. This was stated by Ivan Chebeskov, director of the Department of Financial Policy at the Ministry of Finance.
In Russia, Durov’s claim that a ban on cryptocurrencies would negatively affect blockchain drew criticism
Prohibition of cryptocurrency transactions in Russia will not lead to the destruction of high-tech industries, according to Igor Lukasevich, professor at the Financial University under the Government of the Russian Federation.
Former deputy head of Russia’s central bank notes positive effects of Bitcoin ban
The Bank of Russia's stringent measures against cryptocurrencies will prevent losses to the economy, not trigger a capital outflow, says former deputy chairman of the central bank Mikhail Sukhov.
Duma members warn that the central bank’s stance on cryptocurrencies risks turning Russia into a laughing stock
The government, the State Duma and the security agencies did not back the Bank of Russia's position on cryptocurrencies. This was stated by Anatoly Aksakov, head of the Committee on the Financial Market, and Andrey Lugovoy, first deputy head of the Committee on Security and Anti-Corruption.
Rising fees and the black market: neighbouring countries weigh in on a ban on Bitcoin in Russia
ForkLog learned the likelihood that Bitcoin investors and miners from Russia could emigrate to Ukraine, Belarus, Kazakhstan and Georgia.
Aksakov: No consensus on cryptocurrencies in the State Duma yet; it will take at least six months
The Bank of Russia's stance on cryptocurrencies has long been known and is the strictest among regulators, so there is nothing unexpected in the central bank's report, said Anatoly Aksakov, head of the State Duma Committee on the Financial Market.We use cookies to improve the quality of our service.
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