{"id":57912,"date":"2022-02-16T17:51:43","date_gmt":"2022-02-16T15:51:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57912"},"modified":"2025-09-04T14:07:09","modified_gmt":"2025-09-04T11:07:09","slug":"finance-ministry-outlines-steps-in-the-event-of-no-compromise-with-the-bank-of-russia-on-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/finance-ministry-outlines-steps-in-the-event-of-no-compromise-with-the-bank-of-russia-on-cryptocurrencies\/","title":{"rendered":"Finance Ministry outlines steps in the event of no compromise with the Bank of Russia on cryptocurrencies"},"content":{"rendered":"

If the Ministry of Finance does not reach a consensus with the Central Bank of Russia on regulating the cryptocurrency market, the ministry will submit to the government a package of bills with a table of disagreements. This was stated by the head of the ministry, Anton Siluanov, reports \u00ab\u0424\u0438\u043d\u043c\u0430\u0440\u043a\u0435\u0442\u00bb<\/a>.<\/p>\n

He \u0441\u0440\u0430\u0432\u043d\u0438\u043b<\/a> the Bank of Russia’s proposal to ban cryptocurrencies with a ban on the Internet:<\/p>\n

\n

\u00abThe Central Bank wants to ban crypto-assets, arguing that they create risks, primarily for citizens, could “infect” financial institutions, banks and create an opaque market for settlements. It\u2019s the same as banning the Internet, which is impossible.\u00bb<\/p>\n<\/blockquote>\n

According to him, the central bank and the Ministry of Finance have been arguing for a year and a half about regulating the bitcoin industry, which slows the market’s development:<\/p>\n

\n

\u00abEven if we are mistaken, we can always adjust it [the regulation]. It is worse when a decision is not made, it drags on, and the grey market, as it was, remains, only grows more.\u00bb<\/p>\n<\/blockquote>\n

Siluanov also \u0437\u0430\u044f\u0432\u0438\u043b<\/a>, that authorities can organise tracking of investors’ actions on the market and their settlements:<\/p>\n

\n

\u00abThis is much more proper than the current situation. When we do not know how many there are \u2014 12 million, 19 million or 5 million participants in this market. The point is that the market is grey, therefore, if control is ensured, one can identify the participants\u00bb.<\/p>\n<\/blockquote>\n

He also again called for transactions with cryptocurrencies to go through banks and for mining to be legalised.<\/p>\n

Earlier, Siluanov clarified<\/a> the limits on buying cryptocurrencies for non-qualified investors, which the Ministry of Finance proposes.<\/p>\n

Deputy Finance Minister Alexei Moiseev stated<\/a>, that the regulation bill on the crypto industry will be prepared by February 18, as well as the government instructed<\/a>.<\/p>\n

For now, the central bank and the Ministry of Finance have not been able to reach a consensus<\/a> on regulating the crypto sector.<\/p>\n

Read ForkLog’s Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

If the Ministry of Finance does not reach a consensus with the Central Bank of Russia on regulating the cryptocurrency market, the ministry will submit to the government a package of draft laws with a table of disagreements. This was stated by Anton Siluanov, the head of the ministry.<\/p>\n","protected":false},"author":1,"featured_media":57913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1451,1450],"class_list":["post-57912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-bitcoin-regulation-in-russia","tag-russian-ministry-of-finance"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57912"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57912\/revisions"}],"predecessor-version":[{"id":57914,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57912\/revisions\/57914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57913"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}