Deputy Konstantin Baharev: The fate of cryptocurrencies in Russia will be decided very soon – Bits Media

First Deputy Chairman of the State Duma Committee on the Financial Market Konstantin Bakharev spoke about the difficulties with the legalization of cryptocurrencies in Russia. Their fate will be decided soon, The deputy says.

The main difficulty is, that the Bank of Russia and the government have different views on cryptocurrency regulation, Bakharev complained in an interview with Lenta.ru. To legalize digital assets in Russia, it is necessary to find a compromise. Wherein, in the current conditions, regulation of cryptocurrencies has become a fairly important issue:

"That, that such a discussion will take place in the near future, that is, during the spring session, I have no doubts. Because we can't put it off any longer.. The task is to find solutions, that will meet our interests, the main thing is investor protection, who will invest in cryptocurrencies, and at the same time make the market regulated by the state".

Bakharev recalled, that a special working group has been formed in the State Duma, which, together with government representatives, The Central Bank and the cryptocurrency community are developing those regulatory procedures, which correspond to Russian specifics and will take into account world practice. The parliamentarian recalled, that there are a variety of approaches to regulating crypto assets in the world: from a complete ban, until full legalization.

Recall, what, according to the head of the Ministry of Industry and Trade Denis Manturov, legalization of cryptocurrencies in Russia is only a matter of time.