The Ministry of Economy supported the draft law on the legalization of cryptocurrencies in Russia

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The Ministry of Economic Development conceptually supported the bill of the Ministry of Finance “On digital currency” and proposed to finalize it. This is reported by Izvestia.

According to the agency, the concept of mining, the procedure for paying for digital currency, as well as certain requirements for persons who are operators of the exchange of digital currencies and operators of digital trading platforms need to be clarified.

Feedback from the Ministry of Finance on these proposals has not yet been received, the Ministry of Economy specified.

Recall that the Ministry of Finance, based on the concept approved by the government, developed a draft law “On Digital Currency”. On February 21, it was submitted to the government for consideration.

Speaking about the document, the lawyers agreed that it is easier to abandon bitcoin than to work according to such rules.

For its part, the Central Bank of the Russian Federation presented proposals for the regulation of cryptocurrencies and sent them to the Ministry of Finance. They provide for a complete ban on bitcoin and fines of up to 1 million rubles.

In early March, the Bank of Russia confirmed that they still advocate a complete ban on the circulation and mining of cryptocurrencies, despite the sanctions.

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Source: Cryptocurrency

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