The Central Bank of the Russian Federation intends to ban miners to sell cryptocurrency in Russia – Bits Media

The Bank of Russia is considered, that cryptocurrencies obtained in Russia should be sold only non -residents on foreign exchanges. However, the Ministry of Finance of the Russian Federation does not support this proposal.

The Central Bank of the Russian Federation as a whole supports mining bill, providing for restrictions on transactions with mined coins. The regulator insists on the sale of paved cryptocurrencies only to foreigners and only through foreign trading platforms. The Central Bank allows the removal of restrictions in the framework of the experimental legal regime, provided that transactions with cryptocurrencies through a special authorized organization. The Bank of Russia was once again reminded, that opposed the free circulation of digital assets in the country.

In mid -November, amendments to the Law "On Digital Financial Assets" were amended to the State Duma., which should legalize mining in the Russian Federation. In the case of their adoption in the current form, from 1 february 2023 years miners will be able to sell the extracted cryptoacets in two ways: through foreign exchanges or through a special Russian site, created as part of the experimental legal regime. Miners will have to report to all transactions to the Federal Tax Service.

Amendments caused many disputes, since the bill does not say, that the extracted cryptocurrencies should be sold only non -residents, And such an authorized organization should be only one. Executive Director Rakib Alexander Brazhnikov wondered: “How miners can sell extracted cryptocurrencies, if foreign exchanges impose sanctions against Russians?»This can lead to problems with payment for electricity, And in the worst case, miners can be forcibly disconnected from the mains.

The Ministry of Finance of the Russian Federation did not support the position of the Bank of Russia. The Ministry of Finance believes, that the Central Bank is trying to ban mining, which is carried out outside the "regulatory sandbox". However, the chairman of the State Duma Committee on the Financial Market Anatoly Aksakov is sure, that over time, the Ministry of Finance and the Central Bank of the Russian Federation will be able to find a compromise, Since both of these and other departments take part in the consideration of amendments.

A week ago, the Bank of Russia published a document, in which he expressed fears, that cryptocurrencies and stablecoins are introduced quickly enough, And it can be risky for the monetary system.