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Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official
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Russian lawmakers’ seemingly endless quest to introduce crypto regulation in the country could culminate in a complete ban on the ownership and purchase of coins, says the elusive regulation’s chief architect.
The news agency Interfax quoted the head of the State Duma’s Committee on the Financial Markets Anatoly Aksakov as stating that the “authorities” were currently “discussing various options for regulating cryptocurrencies,” ranging “from a complete ban on their ownership and purchase” to “the legalization of bitcoin (BTC) exchanges.”
Crypto has become increasingly popular in Russia in recent years, with many of the country’s super-rich believed to have made sizeable crypto investments. The skyrocketing popularity of crypto mining, too,
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