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According to the deputy, prohibitive methods are ineffective in relation to digital assets and can only lead to the development of a shadow market
You should not count on the effectiveness of prohibitive measures in such a topic as cryptocurrencies, Alexander Khinshtein, chairman of the State Duma Committee on Information Policy, Information Technologies and Communications, is sure. He called it a more balanced step to find ways to regulate the market, taking into account its innovative potential, TASS writes.
“In such a complex and multifaceted topic as cryptocurrencies, it is hardly worth counting on the effectiveness of prohibitive methods. This will only lead to the development of the shadow market,” Khinshtein said.
According to him, the cryptocurrency roadmap, which was approved by Deputy Prime Minister Dmitry Chernyshenko, can become the basis for the formation of a regulatory framework in the field of digital assets. An analysis of the practice of its application will help to understand in which direction to move on, the deputy is sure.
The roadmap proposes the regulation of cryptocurrencies, not their prohibition, the identification of customers, responsibility for the illegal circulation of digital assets, as well as the development of a methodology for assessing the value of cryptocurrencies. Representatives of the Ministry of Finance, the Ministry of Economic Development, the Prosecutor General’s Office, Rosfinmonitoring, the Federal Security Service, the Ministry of Internal Affairs, the Federal Tax Service, the Ministry of Digital Development and the Bank of Russia took part in the development of the roadmap.
On January 26, Russian President Vladimir Putin called on the government and the Central Bank to come to a consensus on the regulation of digital assets. The head of state said that he was familiar with the discussion regarding the regulation of cryptocurrencies.
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