The State Duma discussed ways to counter the volatility of digital assets
08.06.2022
The Council of Experts in the Government held a meeting on ways to counteract the volatility of digital assets and manage their production
The Council of Experts, which is formed under the Government, made a proposal to formulate requirements for persons who have the right to carry out transactions with digital assets. This is stated in a release on the site of the State Duma.
The project team led by Alexey Gordeev made a proposal for all firms that carry out transactions with digital currency to register in the Russian Federation. Also, participants in the cryptocurrency market are required to have a sufficient level of financial stability, an administrative structure, and also comply with the principles of security of information systems. By the way, the proposed control methods are not specified.
The topic of mining digital currency at the legislative level was also touched upon. According to them, the scope of operation should be correlated with the business according to the relevant electricity prices:
“The Council of Experts is making a proposal to correlate cryptocurrency mining with business, while setting market prices for electricity. In order to single out domestic mining of cryptocurrency and its regulation, it is necessary to formulate a definition of energy consumption in everyday life, which is currently missing.
Methods of management and control will be sent to the State Duma, where the draft law "On the regulation of electronic money (cryptocurrency)" was accepted for consideration.
A little earlier, Anatoly Aksakov, chairman of the commission on the financial market, said that the draft law on electronic currencies would not be released in the near future in the Russian Federation. He said that the State Duma is arguing about the final version of the draft law.
According to him, “it is suspected that the US intelligence agencies exercise more control over the digital currency market.” The specific method chosen by the “US intelligence agencies” to regulate the digital currency market is not specified by the chairman of the commission on finance. According to Aksakov, the collapse of bitcoin, which occurred not so long ago, was the result of legitimate pressure, and not market fluctuations.
The Council of Experts, which is formed under the Government, made a proposal to formulate requirements for persons who have the right to carry out transactions with digital assets. This is stated in a release on the site of the State Duma.
The project team led by Alexey Gordeev made a proposal for all firms that carry out transactions with digital currency to register in the Russian Federation. Also, participants in the cryptocurrency market are required to have a sufficient level of financial stability, an administrative structure, and also comply with the principles of security of information systems. By the way, the proposed control methods are not specified.
The topic of mining digital currency at the legislative level was also touched upon. According to them, the scope of operation should be correlated with the business according to the relevant electricity prices:
“The Council of Experts is making a proposal to correlate cryptocurrency mining with business, while setting market prices for electricity. In order to single out domestic mining of cryptocurrency and its regulation, it is necessary to formulate a definition of energy consumption in everyday life, which is currently missing.
Methods of management and control will be sent to the State Duma, where the draft law "On the regulation of electronic money (cryptocurrency)" was accepted for consideration.
A little earlier, Anatoly Aksakov, chairman of the commission on the financial market, said that the draft law on electronic currencies would not be released in the near future in the Russian Federation. He said that the State Duma is arguing about the final version of the draft law.
According to him, “it is suspected that the US intelligence agencies exercise more control over the digital currency market.” The specific method chosen by the “US intelligence agencies” to regulate the digital currency market is not specified by the chairman of the commission on finance. According to Aksakov, the collapse of bitcoin, which occurred not so long ago, was the result of legitimate pressure, and not market fluctuations.