The State Duma declared the impossibility of a virtual ban on bitcoin payments

The State Duma declared the impossibility of a virtual ban on bitcoin payments

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It is legally possible to prohibit the use of cryptocurrencies as payment for services and goods, but in fact it will be very difficult to enforce the ban. This was stated by Chairman of the State Duma Committee on the financial market Anatoly Aksakov, reports TASS.

According to him, those “who are ready to go all out” will continue to use digital currencies, despite the ban.

Aksakov also noted that the implementation of the ban may be hindered by the lack of clear regulation of the industry in Russia and, in particular, the very definition of cryptocurrencies.

“Money surrogates are banned in Russia. While there is no clear definition that cryptocurrency is a money surrogate. The ruble is the only means of payment, but currencies are used.

These are all issues that require a legal definition in order for law enforcement officers to work more calmly with this. Is it a money substitute? Or maybe this is an electronic currency? ”- said the official.

He also emphasized that it is precisely the enforcement issues of various legislative initiatives that impede the adoption of clear regulation of cryptocurrencies:

“In the bill on digital financial assets, these instruments were prohibited. At the same time, other bills were being prepared that were aimed at introducing responsibility for organizing such trade on the territory of the Russian Federation. But all this is in the coordination stage, a long time ago. ”

Recall that on Friday, November 29, the media reported that the Bank of Russia and Rosfinmonitoring are preparing a bill banning the use of cryptocurrencies as payment.

The State Duma declared the impossibility of a virtual ban on bitcoin payments

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