#Russian Finance Minister Anton Siluanov stated that cryptocurrencies should not be banned and should be regulated. "I believe that we will eventually meet with the central bank on a middle way," the minister told Tass, the country's official news agency.
Russia, especially known for its opposition to #Cryptocurrencies before the outbreak of the Ukrainian war in 2022, has started to warm up to this area thoroughly after the sanctions. Anton Siluanov, the country's finance minister, stated in a statement that cryptocurrencies should not be banned.
"Since we can't ban...”
Speaking to Tass, the Russian state news agency, Siluanov said that he thinks the central bank and the ministry of finance will reach an agreement on this issue soon, and used the following statements:
“I think we will eventually reach an agreement with the central bank. This issue has always been a topic of discussion in recent years. If we can't ban it, then we need to know how to take advantage of it. First of all, I think we need to regulate. I am sure that we will find a solution as a result of the work with the central bank.”
“We will also discuss mining”
On the other hand, Siluanov also touched upon the issue of mining and said, “We need to hold meetings about the scale at which crypto mining will be used. We have agreed with the central bank on this issue. We'll talk. We will also look at whether the cryptocurrencies obtained at the end of mining can be used for payments inside and outside the country,”he said.
It also drew attention to the fact that the finance minister did not say Bitcoin when using the term “cryptocurrencies” or that the agency gave the news in this way.
Russia also stands out as one of the countries that have carried the tests to the most advanced level on central bank digital currencies (CBDCs).$BTC

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