Chairman of the Russian State Duma Financial Market Committee: I do not support a complete ban on the circulation of cryptocurrencies in Russia

Anton Gorelkin, chairman of the Russian State Duma's Financial Markets Committee, proposed that the bill restricting cryptocurrency business exempts cryptocurrency miners and certain pilot projects supported by the central bank. Anton Gorelkin said that he does not support a complete ban on the circulation of cryptocurrencies in Russia. He explained in a Telegram post that the restriction is not intended to ban the use of all cryptocurrencies, but to regulate the establishment of cryptocurrency exchange platforms within the Russian legal framework. Anton Gorelkin also believes that the establishment of legal crypto infrastructure in Russia is affected by geopolitical realities. This requires taking into account factors related to international relations. He went on to add that allowing such infrastructure could subject Russian companies to Western sanctions. In addition, Anton Gorelkin pointed out that the restriction could be lifted in the future, saying that users can still use foreign cryptocurrency exchanges and over-the-counter services as before. However, the impact on many over-the-counter cryptocurrency services in Moscow is uncertain. (Cryptopotato)