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The Council of Federation recommended regulating cryptocurrencies for the benefit of citizens

The Council of Federation recommended regulating cryptocurrencies for the benefit of citizens

The Russian authorities should study international experience in the sphere of cryptocurrency regulation and develop the rules most beneficial for Russian economy and its citizens. This was stated by Ivan Abramov, Deputy Head of the Economic Committee of the Federation Council, RIA Novosti reports.

According to him, one should not use only prohibitive measures, but leave options for possible development in this area, but under the control of the state to protect the interests of Russians.

"It is necessary to work out the possibility of regulating the cryptocurrency market in order to make some decisions. To see the results, which other countries have come to," - added the senator.

Recall that Russian President Vladimir Putin called on the government and the Central Bank to come to a consensus on the regulation of cryptocurrencies. Now the tough position of the central bank is opposed by the State Duma, the government and law enforcement agencies, advocating not prohibition, but for a thorough control of the market.

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