Nabiullina and Siluanov could not agree on the regulation of cryptocurrencies – Bits Media

A meeting of the Minister of Finance Anton Siluanov was held yesterday, Deputy Prime Minister Dmitry Grigorenko and head of the Central Bank Elvira Nabiullina on cryptocurrency regulation issues, But the officials could not agree.

According to Bloomberg, citing its own Sources, The Bank of Russia represented by Elvira Nabiullina continues to insist on its position. The regulator talks about excessive risks, which represent cryptocurrencies. According to the Central Bank, Cryptocurrencies are too often used to create financial pyramids and can threaten the financial well -being of the population of Russia.

Officials could not agree on a compromise, even despite the instructions of Russian President Vladimir Putin to speed up the solution of the issue.

"The parties did not come close to the agreement and so far decided to issue contradictions in their positions in writing", - reports Bloomberg.

Recall, that the Ministry of Finance of Russia offers to allow cryptocurrency mining and the possibility of investment in digital assets. At the same time, the department proposes to limit the maximum amount of investment for unskilled investors 50 000 rubles. The bill on the regulation of cryptocurrencies must submit to the State Duma already 18 february.