Official Statement on Russian Crypto Ban Speculations
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Following speculation that Russia was planning to ban cryptocurrencies, including Bitcoin (BTC), officials clarified the country's stance.
In particular, Member of Parliament and Deputy Chairman of the State Duma Committee on Information Policy, Information Technologies, and Communications, Anton Gorelkin, broke the silence by stating that the information had been misrepresented in the media.
Gorelkin, in a Telegram post dated April 27, highlighted that misleading reports stemmed from a draft law aimed at introducing mechanisms to identify criminal cryptocurrency transactions in the country.
He emphasized that the draft law aimed at regulating the field and not directly banning their circulation. The proposed legislation targets the organization of cryptocurrency exchanges and traders outside the scope of an experimental legal regime.
