Mishustin stated digital currencies need to be integrated into Russia’s financial system

According to the head of the Government of the Russian Federation, such issues should be discussed jointly with the Central Bank

25.03.2022 - 13:45

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What’s new? Russian Prime Minister Mikhail Mishustin stated that it is necessary to integrate digital currencies into the country’s financial system. According to Mishustin, all issues related to conducting cryptocurrency transactions should be discussed jointly with the Bank of Russia. According to him, it is necessary to assess the risks to the country’s financial system, Interfax reports.

Information on the Interfax website

What does the Prime Minister of the Russian Federation say? On March 25, a meeting was held with the representatives of the Liberal Democratic Party of Russia faction, where Mishustin commented on the topic of creating a special regime for conducting transactions with digital assets.

“We looked at the concept [of regulating cryptocurrencies] in great detail last month. But, without a doubt, such issues can only be addressed jointly with the Central Bank to assess the risks that cryptocurrencies pose to Russia’s monetary circulation,” the head of the Russian government explained.

What had happened before? On March 24, the Ministry of Economic Development of the Russian Federation supported the Ministry of Finance’s bill “On Digital Currency.” The regulator proposed to finalize the document on mining issues.

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