“We adhere to the position on the inadmissibility of the circulation of digital currency on the territory of the Russian Federation,” the Bank of Russia said.
According to the Bank of Russia’s proposal, miners that want to sell their self-mined crypto within Russia must carry out operations through an “authorized organization.”
The news comes shortly after the Russian Ministry of Finance opposed the Bank of Russia’s proposal to introduce strict licensing of crypto mining operations in Russia.that the Russian central bank has developed a new plan to only allow mining through “authorized organizations.” According to the official, such a measure would essentially bring “total licensing” of crypto mining. “We are against it,” Moiseev reportedly stated.into the lower house of parliament on Nov. 17.
The latest news is yet another twist in the long history of arguments around crypto regulation between the anti-crypto Russian central bank and the more crypto-friendly Ministry of Finance.
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