The State Duma offered to punish harshly for operations with cryptocurrencies. So the 88th returned ...

In Russia, “strict” liability for transactions with cryptocurrencies should be introduced if the discussednow the decision to ban them will be made.

According to Interfax, this was announced on Monday by Anatoly Aksakov, head of the State Duma's financial market committee.

“We need to put an end to cryptocurrencies,” he said, addressing representatives of the Ministry of Finance and the Central Bank during the discussion of “The main directions of development of the Russian financial market for 2022-2024”.

“We need to decide how we relate toto this phenomenon, and, accordingly, to clearly prescribe in the legislation, quite rigidly prescribe responsibility, if we prohibit something, restrict something, ”said Aksakov.

Complete ban on cryptocurrency transactionspromoted by the Central Bank of the Russian Federation, which, according to Reuters sources, sees bitcoins and altcoins as a threat to financial stability. The volume of investments of Russians in crypto reached 5 trillion rubles, and the Central Bank stood up to demand a ban on operations for both unqualified and qualified investors.

The position of the regulator was confirmed by Elvira Nabiullina, according to which it is “quite possible” to make sure that the Russian financial infrastructure is not used for transactions with cryptocurrency.

“These are big risks for retail investors,the volatility of this asset is very high. Cryptocurrencies are often used for illegal operations of a criminal nature, they are not transparent, ”Nabiullina said on December 17.