{"id":59163,"date":"2022-03-24T12:31:36","date_gmt":"2022-03-24T10:31:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59163"},"modified":"2025-09-04T20:27:11","modified_gmt":"2025-09-04T17:27:11","slug":"russian-economy-ministry-backs-finance-ministrys-digital-currency-bill-urges-refinement","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russian-economy-ministry-backs-finance-ministrys-digital-currency-bill-urges-refinement\/","title":{"rendered":"Russian economy ministry backs Finance Ministry’s digital-currency bill, urges refinement"},"content":{"rendered":"

The Ministry of Economic Development conceptually backed the Finance Ministry’s bill ‘On Digital Currency’ and proposed refining it. This was reported<\/a> by Izvestiya.<\/p>\n

According to the ministry, definitions for mining, the method of paying for digital currency, and certain requirements for persons acting as operators of digital-currency exchanges and digital trading platforms require clarification.<\/p>\n

Feedback from the Finance Ministry on the proposals has not yet been received, the Ministry of Economic Development said.<\/p>\n

As reported, the Finance Ministry, based on the government-approved concept<\/a>, developed the draft law ‘On Digital Currency’<\/a>. On February 21 it was submitted to the government.<\/p>\n

Speaking about the document, lawyers agreed that it’s easier to do away with Bitcoin than to operate under such rules<\/a>.<\/p>\n

For its part, the Bank of Russia presented proposals for regulating cryptocurrencies and sent them to the Finance Ministry. They envisage a full ban on Bitcoin and penalties<\/a> up to 1 million rubles.<\/p>\n

In early March, the Bank of Russia reiterated that it continues to advocate a full ban on the circulation and mining of cryptocurrencies, despite sanctions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ministry of Economic Development conceptually backed the Finance Ministry’s bill ‘On Digital Currency’ and proposed refining it.<\/p>\n","protected":false},"author":1,"featured_media":59164,"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":[1451,2293],"class_list":["post-59163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-regulation-in-russia","tag-ministry-of-economic-development"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59163","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=59163"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59163\/revisions"}],"predecessor-version":[{"id":59165,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59163\/revisions\/59165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59164"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}