The head of the Ministry of Industry and Trade of the Russian Federation Denis Manturov believes that sooner or later cryptocurrencies will be legalized in Russia as a means of payment. He expressed this opinion while speaking as part of the New Horizons marathon. “I think so,” he said, answering a related question from a marathon participant. “The question is when this will happen, how it will happen, how it will be regulated. Now both the Central Bank and the government are actively involved in this,” he said. “Everyone is inclined to understand that this is a trend of the times. Sooner or later, in one format or another, this will be carried out, but once again: it must be legal, correct, in accordance with the requirements and rules that will be formulated in the first place. turn, the regulator – the Central Bank, and, of course, the government,” Manturov added. At the moment, the Central Bank takes a tough stance against the use of cryptocurrency as a means of payment. As Ksenia Yudaeva, First Deputy Chairman of the Central Bank, explained a month ago, the Bank of Russia is concerned about the increased volatility of cryptocurrencies, their ability to infect the financial system, and a possible threat to consumer rights. However, the regulator recently agreed to go along with the government’s position on allowing cryptocurrency mining, although it also initially opposed it. Source: FINMARKET.RU

Show CommentsClose Comments

Leave a comment