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cryptocurrencies Russia

Posted by Svetlana N on February 18, 2022 - 7:12pm
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Binance Exchange Announces Joining the Association of Banks of Russia

 
 

Binance, the world's largest cryptocurrency exchange in terms of trading volume, has announced its entry into the Association of Banks of Russia. The trading platform became the first crypto company to join the association. RBC Crypto writes about this .

The Association of Banks of Russia has also created an expert center on cryptocurrencies, which will study and systematize materials on the world practice of regulating the circulation of digital assets. Olga Goncharova, GR Director of Binance in Russia and the CIS, has been appointed head of the expert center. The created body will become a platform for dialogue between federal authorities, legislators and experts in the field of cryptocurrencies.

 

“Binance, as the largest cryptocurrency ecosystem in the world, has a solid track record of working with regulators. I am sure that our developments, our expertise will be positively received by the Russian banking community,” said Gleb Kostarev, Director of Binance for Eastern Europe.

 

By February 18, the Ministry of Finance, together with the Bank of Russia, should prepare a bill on the regulation of cryptocurrencies. Andrey Lugovoi, First Deputy Chairman of the Duma Committee on Security and Anti-Corruption  , said that the Russian government is not considering a ban on cryptocurrencies. The working group in the State Duma also did not have any documents or proposals for a ban.

For the past month, the Russian authorities have been actively discussing options for regulating cryptocurrencies. At the end of January, the Central Bank proposed to ban the issuance, circulation and exchange of cryptocurrencies, as well as the organization of these operations. The regulator also considers it necessary to ban the mining of digital assets and start monitoring Russian investments in cryptocurrency on foreign trading platforms.

Deputy Prime Minister Dmitry Chernyshenko approved a roadmap that proposes the regulation of cryptocurrencies, and not their ban, identification of customers, responsibility for the illegal circulation of digital assets, as well as the development of a methodology for assessing the value of cryptocurrencies. Representatives of the Ministry of Finance, the Ministry of Economic Development, the Prosecutor General's Office, Rosfinmonitoring, the Federal Security Service, the Ministry of Internal Affairs, the Federal Tax Service, the Ministry of Digital Development and the Bank of Russia took part in the development of the roadmap.

 

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