This article is from 1prime.ru and the original article can he read here
MOSCOW, April 6 – PRIME. The Ministry of Industry and Trade and the Ministry of Construction of Russia, together with other federal agencies and representatives of the business community, have prepared proposals to establish an experimental legal regime for mining, Denis Manturov, the head of the Ministry of Industry and Trade, said in response to the proposals of the United Russia State Duma deputy Anton Gorelkin.
The Central Bank urged not to invest in cryptocurrencies
“The Ministry of Industry and Trade of Russia and the Ministry of Construction of Russia, together with other interested federal bodies and representatives of the business community, prepared proposals in 2021 to establish an experimental legal regime (“regulatory sandbox”) for the “mining” of digital currencies using computing power located on the basis of thermal facilities. generation,” the document at the disposal of RIA Novosti says. The proposals were sent to the government of the Russian Federation.
Thus, the Ministry of Industry and Trade responded to a package of proposals for regulating the cryptocurrency market in the Russian Federation, compiled by Gorelkin following the results of the March round table, of which he was the moderator, at the EP site. As noted in Manturov’s letter, the ministry as a whole considers these proposals “relevant and supports the party’s initiative to work with them.”
“Approaches to regulating the issuance and circulation of digital currency in the Russian Federation are currently recognized as relevant and are being discussed by the Bank of Russia with interested federal executive authorities, including the Russian Ministry of Finance, Rosfinmonitoring, the Federal Tax Service of Russia, the Federal Security Service of Russia, the Russian Ministry of Internal Affairs and the Prosecutor General’s Office of the Russian Federation,” the minister added.
The Central Bank opened a public discussion on the regulation of the crypto market in Russia – in January, the regulator published a report in which it proposed to legally ban the circulation and mining of cryptocurrencies in the country, while not completely limiting their ownership.
Then the Ministry of Finance opposed this approach and proposed to legalize the market. In early February, the Cabinet of Ministers approved the relevant concept and instructed to develop a bill. Then, on February 18, the ministry submitted to the government a bill on the regulation of cryptocurrencies, which, in particular, proposes to maintain the ban on their use as a means of payment in Russia, introduce the identification and online testing of investors in such assets, and consolidate the definition of digital mining.
At the same time, the Central Bank did not give in and prepared its own package of bills, in which it again called for a ban on the issuance and circulation of cryptocurrency in the country.