Russia's Finance Ministry Opposes Central Bank Call for Crypto Ban

Posted on by American Coins & Gold

Russia's Finance Ministry Opposes Central Bank Call for Crypto Ban
Russia needs to regulate cryptocurrencies, not ban them, according to the head of the financial policy department at Russia’s Ministry of Finance, Ivan Chebeskov.Chebeskov said the ministry opposes the stance of Bank of Russia, which earlier this month issued a report calling for a full ban on cryptocurrency trading and mining. Chebeskov spoke during a conference on cryptocurrencies held by Russian publication RBK on Tuesday.”We need to regulate, not ban,” Chebeskov said “Regulation is sufficient to protect our citizens.”The Ministry of Finance has prepared a set of proposals and is waiting for the government to evaluate it, he said. Banning…