Russian Lawmakers Begin Public Discussions on Establishing Crypto Rules

The Russian Finance Ministry introduced public notices and said they started developing a comprehensive regulatory framework for the cryptocurrency industry. During the discussions, citizens and financial market players will be able to give their proposals on the matter.
What Has Happened so Far?
Ever since the start of 2022, Russia’s top authorities haven’t been able to come to an understanding of how to approach the digital asset sector and what rules to impose on it.
The central bank stood on the critic’s corner, claiming that cryptocurrencies remind of a pyramid scheme and urging for a ban on all endeavors with them. On the other hand, the Ministry of Finance opined that regulating the asset class is the preferable step to adopt.
At one point, even President Vladimir Putin presented his thoughts on the matter. The leader requested the officials to “come to some kind of unanimous opinion.” He also opined that cryptocurrency mining could be beneficial to Russia, differentia

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