The Ministry of Finance Proposed to Test Russians Before Buying Cryptocurrencies

On February 18, the Ministry of Finance submitted a bill on the regulation of cryptocurrencies to the government. At the same time, public discussions began. On Monday, February 21, the agency published details of the document on its official website. 

According to the proposal of the Ministry of Finance, the use of digital currencies as a means of payment in Russia will continue to be prohibited. However, the Ministry of Finance suggests leaving cryptocurrencies only as a tool for investment. The bill defined the requirements for exchanges and exchangers that will deal with cryptocurrencies. 

Foreign cryptocurrency exchanges will have to register in Russia in order to obtain a license. The Ministry of Finance proposes to allow transactions with the purchase or sale of cryptocurrencies only if the client is identified. The deposit and withdrawal of cryptocurrencies will be possible only through banks using a bank account. 

Exchanges must inform citizens about the high risks associated with purchasing digital currencies. Citizens will undergo online testing before purchasing cryptocurrencies, which will determine the level of knowledge of the specifics of investing in digital currencies and awareness of possible risks. 

According to the official website of the Ministry of Finance, “with successful t

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