Aksakov: Facebook cryptocurrency …

Aksakov: Facebook cryptocurrency as a payment instrument in Russia will be banned

The Libra cryptocurrency released by the social network Facebook will not be legalized in the Russian Federation. This opinion was expressed by the chairman of the State Duma Committee on the financial market Anatoly Aksakov in a conversation with the radio station “Kommersant FM”.

“As for the use of Facebook cryptocurrency as a payment instrument in Russia at this stage, my opinion is that in our country it will be prohibited,” he said..

To substantiate his point of view, Aksakov pointed out that at present, Russian lawmakers do not plan to approve regulation that would make it possible for the active use of tools issued “within the framework of open platforms, blockchains.” Such a situation, he said, would entail risks for the financial system of the state..

Aksakov: Facebook cryptocurrency ...

At the same time, he admitted that citizens of the Russian Federation will be able to buy Facebook cryptocurrency on foreign platforms. “In theory, we should talk about the possibility of organizing all kinds of exchanges, platforms for exchanging and selling such currencies. We, I think, will restrict or prohibit the creation of such sites. And whoever wants to acquire these instruments at his own peril and risk, using foreign legislation, is their business, ”he added..

Facebook’s cryptocurrency project Libra was announced this Tuesday. The initiative has already been received with caution among the EU authorities.

Aksakov: Facebook cryptocurrency ...

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