State Duma stated condition for preservation of mining in Russia

Mining in Russia may remain legal, but only if it is put under the tight control of the state. This, commenting on the initiative of the Central Bank, said the chairman of the State Duma Committee for Industry and Trade Vladimir Gutenev, reports RIA Novosti.

For this, the mining farms must be absolutely transparent, pay all taxes, as well as working in regions where there is an excess of electricity or climatic conditions allow you to make cooling less energy-proof.

As for the cryptocurrencies themselves, the deputy supported the prohibition of their free turnover in Russia. Such an asset is risks for inexperienced and unskilled investors who use leverage to play at the difference in courses. High market volatility cryptocurrency can quickly reset their capital and drive into large debts.

In addition, Gutenev reminded, digital currencies are traditionally used for criminal action. Including transactions that violate the law or are payment for illegal or counterfeit goods.

At the same time, the deputy made the existence of a surrogate financial product, for example, a stelkin nominated in gold and a state controlled. He believes that such a product would be interested in citizens and legal entities as a means of calculating and savings. Also, such an analogue of the Golden Ruble could help Russia to bypass Western sanctions against major state-owned companies or businessmen who are considered to be related to the management of Russia.

On the eve of the Central Bank published a report for public consultations on the topic cryptocurrency. In it, the regulator proposed to prohibit the use of the infrastructure of the Russian financial market for any cryptocurrency operations. Later, the director of the Financial Stability Department of Elizabeth Danilov clarified that citizens will still be able to own cryptocurrency and invest in it, but only with the help of foreign sites. Such requirements in the Central Bank explained the use of digital assets for criminal activity, as well as the danger of mining to implement the environmental agenda.

In turn, Bloomberg sources argue that the Central Bank agreed to support the ban after long negotiations with the Federal Security Service (FSB). The security officials convinced the leadership of the financial regulator in the need to tighten the pressure on cryptocurrency due to the growth of Russian translations to opposition organizations that are prohibited in Russia.

/Media reports.