The State Duma of the Russian Federation may adopt a bill on the prohibition of cryptocurrencies in 2022 year – Bits Media

According to unconfirmed information, Yesterday it was decided on a fundamental consent to ban cryptocurrencies in Russia. Amendments to the legislation may go to the spring session 2022 of the year.

Cryptocurrency entrepreneur Sergey Mendeleev
wrote on Facebook about obtaining information from two independent sources on the coordination of the ban on cryptocurrencies in Russia. On Tuesday 21 December at an evening closed meeting with representatives of regulators, the relevant State Duma Committee decided to ban cryptocurrencies, However, no details are still unknown. If the decision is really made, In the near future, an official statement should be expected. In the future, several scripts are possible.

One of the most stringent options - if Russia follows the path of China and even strengthen the ban until the cryptocurrencies are completely excluded from the economy. In this case, individuals and companies will prohibit any operations with cryptocurrencies, Including mining, trading and even ownership of public cryptoactives, except approved by the Law on Tsf. Even criminal prosecution of cryptocurrency owners may be introduced, proposed by some departments with 2016 years.

A less stringent scenario involves an expansion of the ban on the use of the financial infrastructure of Russia for transactions with cryptocurrency companies. This option does not change anything in comparison with the current situation, However, law enforcement agencies and the prosecutor's office will receive more levers of influence on any business, associated with cryptocurrencies. First of all, exchangers and branches of global cryptocurrency exchanges will suffer ..

Amendments to the relevant laws are supposed to be taken to the nearest spring session of the State Duma. In the absence of significant contradictions between departments, this can be done quickly. On Monday, at parliamentary hearings, the head of the Duma committee on the financial market Anatoly Aksakov said, that the population of Russia has invested in crypto assets 5 trillion rubles, Therefore, in their regulation, it is necessary to "put an end".

History with a ban or at least restriction of cryptocurrency turnover in Russia lasts since February 2014 of the year, when the Central Bank of the Russian Federation published the first information message, in which he called cryptocurrencies “money surrogates”, and a few months later the first prohibition bill was proposed.

The head of the Duma committee warned, that among investors there are those, who is not qualified to invest money in high-risk assets, to which cryptocurrencies can be equated. In connection with this situation, Aksakov called on the government to make a final decision on regulating cryptocurrencies. During these hearings, Deputy Minister of Finance Alexey Moiseev admitted, that the agency does not have a unified position on supervision of the digital asset market.

Previously, information appeared from independent sources Reuters, close to the Central Bank, that a ban on cryptocurrencies may be introduced in Russia. This project is currently being discussed with professional market participants and financial experts. At the end of November, the Central Bank of Russia reported, that the volume of transactions with cryptocurrencies in the country has reached 350 billion rubles. In December, the Russian Prosecutor General announced the approval of standards for the confiscation of illegal cryptocurrency and called for accelerating the development of regulation of digital assets.