The Central Bank and the FSB have come to a common position on the regulation of cryptocurrencies

The FSB and the Central Bank agreed to ban payments in cryptocurrencies on the territory of the Russian Federation. Baza writes about this withreferring to a letter from Deputy Prime Minister Dmitry Chernyshenko to Russian President Vladimir Putin.

“A decision was made following a meeting in the government to establish a ban on the issuance and use of cryptocurrencies as a means of payment”, - according to the source, the document says.

Previously, the positions of the two departments divergedfundamentally. The Central Bank advocated a complete ban on mining, exchange and trading of cryptocurrencies. The position of the FSB was more balanced - a complete ban would drive the market into the shadows, so it is better to partially legalize, for example, mining of cryptocurrencies. At the same time, it was proposed to strictly regulate their activities.

In addition, the FSB advocates the legalization of exchange.digital currencies to traditional ones through “specialized operators” and the establishment of “identification of all owners of [cryptocurrencies] by specialized operators”. Violations of established requirements may result in administrative and criminal liability, the source claims.

Baza also quotes Elina Sidorenko, a specialist in legal matters of turnover:

“In the bill now the concept of“ cryptocurrency ”generally absent. That is, it will not be in the legal field at all. Cryptocurrency owners will be forced to sell it on foreign markets. I don’t understand this position: if we prohibit something that is already in the hands of citizens, we stimulate the expansion of the shadow market. ”

Aksakov said earlier that the CFA law “with a 99% probability” would be approved in March this year.

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