The Association of Cryptoeconomics has pointed to the rights of Russians to own cryptocurrency
But it was emphasized that the use of such tools to pay for goods and services is prohibited
18.11.2021 - 12:20
526
2 min
0
.
What’s new? Valery Romanyuk, the First Vice President of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RACIB), in an interview with “Govorit Moskva” radio station, said that Russian citizens have a full right to keep cryptocurrencies. But he stressed that using such tools to pay for goods and services is prohibited.
Romanyuk's interview with the radio station “Govorit Moskva”
“Now by law, even the term “cryptocurrency” has not been introduced. At the moment, you can own cryptocurrency. But according to the law, you have no right to dispose of it, neither to pay nor to use it in any other way. But, as you know, the digital environment does not recognize borders, so all sorts of transfer schemes arise to countries where use is allowed. This does not contribute to any development.”
What had happened before? Speaking in the State Duma, Prosecutor General Igor Krasnov announced the preparation of a bill to recognize cryptocurrencies as property. RACIB supported his idea.
Romanyuk believes that it is necessary to recognize at least something to understand how to work with it. He believes that it is impossible to refuse to regulate the sphere of digital assets, as the whole world is moving in this direction:
“The States treat crypto tools as securities. While Europe, Germany, Russia tend to recognize them as property, to at least begin to learn how to manage them, to keep track of them, to pay taxes.”
What is the place of Russia in mining? According to the Centre for Alternative Finance at Cambridge University, as of August 2021, Russia is the world's third-largest producer of bitcoin. Russia's share of the total computing capacity was 11%. The US is in first place with a share of 35%, and Kazakhstan is in second place with 18%.
Data from the Centre for Alternative Finance at the University of Cambridge
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$77 715
BTC
+0.31%
-
Ethereum
$2 256.84
ETH
+0.18%
-
BNB Smart Chain
$707.94
BSC
+0.32%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.312605
TRX
+1.98%
-
Zcash
$1 216.69
ZEC
-4.49%
-
Dogecoin
$0.075022
DOGE
-1.01%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Bitcoin Cash
$279.79
BCH
-2.33%