Representatives of the Ministry of Finance and the Bank of Russia managed to reach agreement in the issue of legislative regulation of the exchange of cryptocurrency for Fiat. This was stated by Deputy Finance Minister Alexey Moiseev, RIA Novosti reported.
“Yes, disagreements have been resolved. The Central Bank will make the decision,” he said.
We will remind, in January the Ministry of Finance of the Russian Federation published a draft law on the regulation of digital assets in Russia, which gave a definition of cryptocurrency token, mining and ICO. Even then, the Ministry of Finance referred to the dispute with the Central Bank on the exchange of crypto currency for rubles, foreign currency or other property.
In the Bank of Russia in this regard, explained that is considered a valid exchange for rubles, foreign currency or other property only tokens in the framework of the Russian ICO, and against allowing such an exchange for cryptocurrencies, because even when you identify the ultimate owner will open the possibility of legalizing the questionable transactions.