The Russian Ministry of Finance proposed to prohibit the use of alternative currency, or will once again ban bitcoin

The Russian Ministry of Finance proposed to prohibit the use of alternative currency, or will once again ban bitcoin

Russian August 1st news, the Russian Ministry of Finance proposed to prohibit the use of alternative currency transactions, including digital currency. The Ministry of finance has not yet announced specific recommendations. The Central Bank of Russian Federation in January this year that the virtual currency transactions suspicious, so users and legal entities of the virtual currency issued a risk warning.

At present, the domestic alternative currency issue is prohibited. But the Ministry of finance also pointed out that the definition of “law there is no alternative currency”.

The Ministry of Finance said that virtual currency to avoid the regulatory control of the country, illegal and criminal activities of the anonymous owners use it was difficult to track the illegal income, legal words.

Therefore, recommended the development of legal provisions prohibiting alternative currency, including electronic currency. In addition, it is recommended to clarify the provisions of the Central Bank of Russian Federation on the alternative currency, not only to prohibit the dissemination of alternative currency, and extended its trading ban. May the restrictions prohibit the use of alternative currency payment, foreign exchange and the ruble. In addition, the Ministry of finance also suggested to use administrative means to pursue issuers, communicators, operators and agents of responsibility.

       

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