May 2, 2024

The State Duma called the position of the Central Bank on cryptocurrencies "the toughest of all"

The position of the Central Bank is the toughest of all those adopted in Russian state institutions,said the chairman of the State Duma Committee onfinancial market Anatoly Aksakov in a conversation with Lenta.ru. The radical rejection of digital assets by the Bank of Russia has been known for a long time, the new report of the regulator on cryptocurrencies does not contain anything new, and the discussion in the authorities continues, he added.

"Nothing unexpected happened"Aksakov commented on the publication of the Central Bank “Cryptocurrencies: trends, risks, measures”, in which the regulator proposed to introduce a ban on the circulation, production and issue of tokens in Russia. The deputy called the report useful material for discussions and disputes, but stressed that it is not a “final document” on the issue of regulating digital assets – the decision will be made collectively by the government, the State Duma and the Central Bank.

“The most important thing is that material has appeared, according towho can hold disputes, offer their own options for solving a particular problem, removing certain risks that the Central Bank outlined in the report. Further, during the discussion, we will determine which option is preferable,” said the head of the financial market committee.

He added that at the moment the consensus inThere is no control over the crypto market in the State Duma, and it can be achieved in at least six months - the relevant bill will be developed only in the fall.

Aksakov shared his personal attitude tocryptocurrencies - most of the theses stated in the report of the Central Bank are clear to him and are consistent with his point of view. In his opinion, the issue of using the infrastructure of the Russian financial market, selling and buying digital assets through domestic institutions requires additional discussion.

On the one hand, we understand that it is necessaryminimize risks, especially for unqualified investors. On the other hand, the market is developing, and, obviously, someday it will acquire a more civilized content, ”Aksakov said, but indicated that now crypto projects are more like financial pyramids.

In October, Aksakov took the initiativeto prescribe in the legislation the issue of taxation of mining. In his opinion, it is necessary to regulate the collection of taxes from companies, individual entrepreneurs and individuals who are engaged in the production of cryptocurrencies. The deputy announced the need for these measures back in 2018.

The State Duma also commented on the requirement of the Central Bankprohibit mining in Russia. Vladimir Gutenev, Chairman of the State Duma Committee on Industry and Trade, said that the production of cryptocurrencies in the country can be preserved and left legal only if the state controls it tightly. Miners will have to comply with a number of conditions: conduct transparent activities, pay all taxes, and also work in regions where there is an excess of electricity or climatic conditions make cooling less energy-intensive.

</p></p>