Russia's Finance Minister Advocates for Regulation in Cryptocurrency Sector
Russian Finance Minister: Why Crypto Ban is a Bad Idea
Anton Siluanov voiced a strong stance against the outright prohibition of crypto.
The Pragmatic Approach
Siluanov emphasizes the necessity of regulation over restriction in the cryptocurrency market.
Regulatory Intentions
Siluanov aims to find a solution through regulation to address the circulation of cryptocurrencies.
Nuanced Position
Dialogue around cryptocurrency mining explores its potential application in settling transactions for domestic and international payments.
Economic Implications
The regulatory advancements could generate substantial tax revenues from industrial mining, benefiting foreign trade settlements.
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