{"id":59756,"date":"2022-04-07T14:51:28","date_gmt":"2022-04-07T11:51:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59756"},"modified":"2025-09-04T23:39:49","modified_gmt":"2025-09-04T20:39:49","slug":"mishustin-opposes-recognizing-cryptocurrencies-as-a-means-of-payment-outlines-regulation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mishustin-opposes-recognizing-cryptocurrencies-as-a-means-of-payment-outlines-regulation\/","title":{"rendered":"Mishustin opposes recognizing cryptocurrencies as a means of payment, outlines regulation"},"content":{"rendered":"<p>Prime Minister Mikhail Mishustin <a href=\"https:\/\/www.youtube.com\/watch?v=ouiogbHpPOU&#038;ab_channel=%D0%9F%D1%80%D0%B0%D0%B2%D0%B8%D1%82%D0%B5%D0%BB%D1%8C%D1%81%D1%82%D0%B2%D0%BE%D0%A0%D0%BE%D1%81%D1%81%D0%B8%D0%B8\">called<\/a> cryptoassets &#8216;not straightforward instruments&#8217; and said that in developing their regulation it is necessary to take into account &#8216;all relevant elements that in some way characterize cryptocurrencies&#8217;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>There are, in principle, quite different types of digital currencies. We have central-bank currencies, the so-called bitcoins, altcoins, tokens, stablecoins. Among them there are quite stable means \u2014 these are stablecoins, which are backed either by gold or fiat.<\/p>\n<\/blockquote>\n<p>The Prime Minister also stressed that the government, like the Bank of Russia, is against recognizing digital currencies as a means of payment.<\/p>\n<p>Mishustin noted that the government-approved concept provides for &#8216;traceability&#8217; of crypto transactions and identification of users.\u00a0<\/p>\n<p>According to him, more than 10 million Russians have cryptocurrency wallets containing funds totaling over ten trillion rubles.<\/p>\n<p>The Prime Minister noted that, to stimulate investment, authorities are prepared to discuss mining issues.<\/p>\n<p>Earlier, Mishustin <a href=\"https:\/\/u1f987.com\/en\/news\/mishustin-recognises-the-need-to-integrate-cryptocurrencies-into-russias-economy\">acknowledged<\/a> the need to integrate cryptocurrencies into Russia&#8217;s economy.\u00a0<\/p>\n<p>A Finance Ministry-drafted bill on regulating digital currencies would treat them as property and would not allow them to be used by legal entities or individuals as a means of payment.<\/p>\n<p>It also envisages conducting cryptocurrency transactions through Russian banks, identifying wallet holders, and differentiating investors by qualifications.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Mikhail Mishustin called cryptoassets &#8216;not straightforward instruments&#8217; and said that in developing their regulation it is necessary to take into account &#8216;all relevant elements that in some way characterize cryptocurrencies&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":59757,"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],"class_list":["post-59756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-regulation-in-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59756","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=59756"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59756\/revisions"}],"predecessor-version":[{"id":59758,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59756\/revisions\/59758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59757"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}