Mishustin promised to direct the development of the cryptocurrency market in a civilized direction Russian Prime Minister Mikhail Mishustin touched upon the topic of cryptocurrencies and the issue of protecting their owners during today's government meeting.

Mishustin promised to direct the development of the cryptocurrency market in a civilized direction

Russian Prime Minister Mikhail Mishustin touched upon the topic of cryptocurrencies and the issue of protecting their owners during today's government meeting.

He noted that cryptocurrencies represent «relatively new tool, interest in which is constantly growing».

«The government plans to direct the development of this market in a civilized direction, so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult.», – he stressed.

For this purpose, according to him, it is planned to amend the Tax Code. Thanks to the recognition of digital financial assets as property, their owners will be able to obtain legal protection in the event of illegal actions against their interests and defend their property rights in court.

Earlier, Mishustin said that cryptocurrencies «pose threats to central reserve systems, central banks and financial institutions».

 

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