The Chairman of the Russian State Duma Financial Market Committee: Cryptocurrencies Will Never Become Currency in Russia, Only Used as Investment Tools AI Summary

The Chairman of the Russian State Duma Financial Market Committee, Aksakov, stated that he supports the Central Bank's opposition to individuals and companies using cryptocurrencies for payments, emphasizing that cryptocurrencies can only be used as investment tools, and payments must be made in rubles. Meanwhile, the Russian government is preparing to regulate the cryptocurrency industry.
PANews December 17 News, according to DL News, the Chairman of the Russian State Duma Financial Market Committee, Anatoly Aksakov, said that lawmakers support the Central Bank's opposition to the use of cryptocurrencies for payments between individuals and companies. Aksakov said: “We must understand that cryptocurrencies will never become currency in Russia; they can only be used as investment tools. When payments are needed, only rubles should be used.”
At the time of Aksakov's remarks, despite the Central Bank's resistance, the government is preparing to regulate the industry given the rising adoption rate of cryptocurrencies in Russia. The country's central bank has repeatedly called for a complete ban on cryptocurrencies, while the Ministry of Finance favors regulating exchanges and taxing traders' profits. Both sides are unwilling to make concessions on this issue, proposing competing bills to ban or legalize cryptocurrency-related industries. These bills ultimately failed, and with the deadlock lasting four years, they have been shelved in the National Duma Committee. #BTC行情分析