In the coming years, Russia will introduce a fairly stringent measures to regulate the cryptocurrency market, which will reduce the speculative effect of digital currencies. It was said by the head of VTB Andrei Kostin.
“After the crisis, the whole world was only concerned with trying to regulate financial markets. And suddenly there is an absolutely independent currency, the financial market, which is generally not regulated by anyone, is not taken into account, where, by the way, the rules for combating money laundering and the like do not work. And this can not continue for a long time, “stressed Kostin.
The head of VTB is convinced that tight regulation will cut off a lot of criminal money from bitcoin.
Mining of cryptocurrency in Russia should be conducted within the framework of the law. Tokens and Initial Coin Offerings (ICO) can also be allowed on the territory of the country. This was reported by the first deputy chairman of the Central Bank of Russia, Olga Skorobogatova.
“We believe that mining is an activity that should be conducted within the framework of clear, legitimate rules. Mining in the territory of Russia will be legalized. All these details will be disclosed in corporate documents, “she noted. At the same time Skorobogatova stressed that the Central Bank has not yet discussed the issue of how the miners will be able to exchange the extracted cryptocurrency.