The Russian government will introduce strategies for crypto regulation by February 11

The Russian government, which is having an ongoing discussion on the future of decentralized digital currency in Russia, is expected to produce alternative scenarios for crypto regulation by February 11.

The development was disclosed in records from a meeting conducted at the White House in Moscow last week, Bitcoin.com reports citing the Russian business newspaper Kommersant.ru.

A clash between two rival views will likely decide the future of cryptocurrencies in Russia. While the Central Bank of Russia suggests a blanket ban on crypto-related activities, the Ministry of Finance is advocating for legalization under strict rules and without acknowledging Bitcoin as a payment method.

The latter has received most of the support, and if adopted, will mean that Russians owning digital money will be able to operate with them as with investment assets, such as making transactions through Russian banks, and paying taxes. All that, of course, under the watchful eye of the government.

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