In Russia, the EU cryptocurrency sanctions were called an incentive for the development of the Tsf

The decision of the European Union on the complete ban on servicing cryptocurrency wallets of citizens and residents of the Russian Federation will positively affect the development of the market for digital financial assets (CFA) in the country. This was stated by the head of the State Duma committee on the financial market Anatoly Aksakov, writes TASS.

According to the official, all the restrictions introduced “is easy to get around”. As an example, he cited the Leverage in cryptocurrency “closing of the official representative offices of Western crypto -streaks in Russia”.

“Closed, but de facto nothing has changed. There the office in the virtual space exists, not at some address in Moscow or Cheboksary. Accordingly, people can use this office while in Russia, in China or in America, ”Aksakov said.

In response to a new package of sanctions, Russia will more actively develop modern technologies.

“It is clear that we will develop our digital blockchains for the circulation of digital financial assets. Next year we will have a year of digital financial assets in Russia, you will see, ”the official emphasized.

Earlier, Aksakov proposed to legislatively ban the use of cryptocurrencies as a means of payment in Russia and hold accountable for calculations in them.

Recall that the Law on the TsFA was adopted in 2020 and entered into force on January 1, 2021.

In June 2022, a bill was introduced to the State Duma providing for administrative liability for illegal issuance and exchange of CF.

In the same month, Anatoly Aksakov submitted a draft law involving a ban on the use of the Central Administration as a means of payment in the territory of the Russian Federation. The document was approved in the first reading.

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