Yesterday, a meeting was held between Finance Minister Anton Siluanov, Deputy Prime Minister Dmitry Grigorenko and the head of the Central Bank Elvira Nabiullina on the regulation of cryptocurrencies, but officials could not agree.
According to Bloomberg, citing its own sources, the Bank of Russia, represented by Elvira Nabiullina, continues to insist on its position. The regulator talks about the excessive risks that cryptocurrencies pose. According to the Central Bank, cryptocurrencies are too often used to create financial pyramids and may threaten the financial well-being of the Russian population.
Officials were unable to agree on a compromise, even despite the instruction of Russian President Vladimir Putin to expedite the resolution of the issue.
“The parties have not come close to an agreement and have so far decided to formalize the contradictions in their positions in writing,” reports Bloomberg.
Recall that the Ministry of Finance of Russia proposes to allow the production of cryptocurrencies and the possibility of investing in digital assets. At the same time, the department proposes to limit the maximum amount of investments for unqualified investors to 50,000 rubles. The bill on the regulation of cryptocurrencies should be submitted to the State Duma on February 18.
Source: Bits
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