Anatoly Aksakov: “We will strictly regulate cryptocurrencies and miners” – Bits Media

Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov said, that Russia may well legalize cryptocurrencies and mining.

The deputy emphasized, that digital assets must be regulated according to all the rules of the financial market. Then there is a need for mandatory identification of participants and tests for qualified investors. Platforms will be required to obtain a special license and comply with reporting and tax principles.

The parliamentarian spoke about this concept, like "cryptomania". When investors put their last money into various tokens, hoping for massive growth:

"The phenomenon exists, there are those willing to take risks - and good for you, take risks, but under strict regulation and control".

Now there is some calm on the issue of regulation and legalization of cryptocurrencies in Russia. However, in the fall the legislative process, according to Aksakov, should go more actively.

Recently, Anatoly Aksakov introduced a bill to the lower house of parliament to punish the release of digital assets without the permission of the regulator. Legal entities are proposed to be fined up to 1 million rubles.