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Control over circulation of cryptocurrencies in Russia may be transferred to banks

... and government to come to a consensus on this issue. The ministry’s proposals are to transfer cryptocurrency transactions to the banking sector, giving credit institutions the right to control them. The Ministry of Finance expressed the opinion that banks with universal licenses will be able to perform such functions. As part of their activities, it was proposed to create new subjects of regulation, RBC reports . Additionally, it is proposed to grant the right to conduct operations with cryptocurrencies to both individuals and companies. At the same time, all of them will first have to go through identification, as well as open a bank ...

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