The value of digital assets depends on the optimism of market players, although cryptocurrencies are a noticeable and significant element of the global financial system, emphasized Alexey Savatyugin
The risks of investing in cryptocurrency are very high, since its value depends only on the optimism of market players, he said in an interview
"RIA Novosti" auditor of the Accounts Chamber Alexei Savatyugin. However, according to him, cryptocurrencies are a significant and visible design element of the global financial system.
“The total cryptocurrency capitalization exceeds $ 2 trillion, which is more than the entire capitalization of the Russian stock market. It will not be possible to ignore this, including in Russia, many people mine, invest in cryptocurrencies. This means that it is time to introduce some kind of normative regulation, "Savatyugin emphasized.
He called the right tough position of the Central Bank, which does not allow the use of bitcoins as a means of payment. The auditor concluded that at the moment the Accounts Chamber has not discussed its own initiative to regulate cryptocurrencies.
Last week, State Duma Chairman Vyacheslav Volodin instructed to create a working group that will discuss the issue of legalizing cryptocurrency mining in Russia. The speaker of the State Duma gave such an order in response to the proposal of the first deputy chairman of the committee for security and anti-corruption, Andrei Lugovoi, to legalize the extraction of digital assets.
On November 8, it became known that the Ministry of Economic Development and the Ministry of Energy supported the idea of equating mining with entrepreneurial activity. In September, Anatoly Aksakov, head of the State Duma Committee on the Financial Market, suggested equating the mining of cryptocurrencies with entrepreneurship. Later, the initiative was supported by the governor of the Irkutsk region Igor Kobzev. Russian oilmen also proposed to start mining cryptocurrencies in the fields.
In January 2021, the law "On digital financial assets" came into force. The document defines cryptocurrency, but prohibits its use in Russia to pay for goods and services.