Crypto mining can be legalized if the industry is transparent and pays taxes, Russian lawmaker says.
Cryptocurrencies should be banned, Gutenev agreed, but Russia could make use of a stablecoin denominated in gold and under state control. Such a financial product would be an interesting proposition for both private investors and companies. It can also be used for saving, the deputy said, quoted by the Prime business news portal.
The gold-backed stablecoin could be similar to a golden ruble, the parliamentarian elaborated, and Russia can employ it to circumvent sanctions and the policy of containment applied against the country. The coin can also be used to facilitate regular and transparent economic relations with other nations.
Gutenev revealed he had already discussed the idea with CBR governor Elvira Nabiullina. The head of the Industry and Trade Committee thinks that as an asset, gold is quite undervalued in comparison with reserve fiat currencies such as the U.S. dollar and the euro. In October, the Ministry of Foreign Affairs said that Russia may consider partially replacing the greenback in currency reserves and trade settlements with other currencies, and even digital assets in the future. Amid expanding U.S.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia proposed interim nuclear deal to Iran, with U.S. knowledgeAs part of an effort to revive the international nuclear deal with Iran, Russia has discussed a possible interim agreement with Iran in recent weeks, sources tell NBCNews.
Read more »
Russia, U.S. fail to resolve differences in talks to avoid Moscow invasion of UkraineRussia and the United States held 'frank' talks Friday but failed to resolve deep differences over Ukraine, as the U.S. races to avert an invasion.
Read more »
U.K. accuses Russia of scheming to install a pro-Kremlin government in UkraineThe Russian Foreign Ministry denied the allegations, saying the British announcement was evidence that NATO countries are escalating tensions around Ukraine.
Read more »
Britain Says Russia Seeking to Replace Ukraine GovernmentThe British government on Saturday accused Russia of seeking to replace Ukraine’s government with a pro-Moscow administration, and said former Ukrainian lawmaker Yevheniy Murayev is being considered as a potential candidate.
Read more »
Russia proposed interim nuclear deal to Iran, with U.S. knowledge, sources sayIn an effort to revive the international nuclear deal with Iran, Russia has discussed a possible interim agreement with Iran in recent weeks that would involve limited sanctions relief in return for reimposing some restrictions on Tehran’s nuclear program.
Read more »