Market News | Cryptocurrency should be regulated, not banned - Ministry of Finance

Here we need to give these technologies the opportunity to develop (mining, etc.). In this regard, the Ministry of Financeactively participates in the development of legislativeinitiatives in terms of regulating this market. And in turn, we have a prepared regulation concept, which we are discussing within the Ministry of Finance and has now been sent to the government apparatus

— Director of the Financial Policy Department of the Ministry of Finance Ivan Chebeskov

It is necessary to protect the interests of citizens

In this regard, of course, in my opinion, it is necessary to regulate, not ban. Regulation will just ensure the transparency that will ensure the protection of citizens

The world has become highly virtualized

Just take one of the high-tech industries in some way to ban and say, let it develop in some other country
There are a lot of young guys whoengaged in crypto enthusiasts who are interested in this topic. And of course we don’t want these technologies to leave our country <…> I would like to develop it within the country

The Ministry of Finance proposed to “regulate, not ban” cryptocurrencies - RBC (rbc.ru)