While Russian authorities are currently going through the notions to enforce a ban on bitcoin and cryptocurrencies, the hardline stance could change in the future.
The Federal Financial Monitoring Service of the Russian Federation (also known as Rosfinmonitoring) has revealed that while the cryptocurrency ban is being considered as an applicable measure, it does not rule out that such a stance against bitcoin and other cryptocurrencies could be revised over time.
The possibility of a regulatory change that’s different to a sweeping ban was made in statements by Pavel Livadny, State Secretary and Deputy Director of Rosfinmonitoring.
As reported by Russian news agency RIA Novosti, Livadny was speaking at a conference where he stated, “At present, prepared in accordance with the presidential order [of a] bill prohibiting trafficking cryptocurrency in Russia – this is a measure that we believe is possible and applicable.”
The statement about the cryptocurrency ban comes during a time when the Russian Finance Ministry is looking to fast-track the bill through the State Duma –