Russian Duma Chairman: In fact, Russia's crypto ban is difficult to achieve

According to foreign media today, Anatoly Aksakov, chairman of the Russian State Duma's Financial Market Committee, recently said that Russia may ban encrypted payments for goods and services, but achieving this ban may be quite difficult. He said that these instruments (cryptocurrencies) were banned in the draft Digital Financial Assets Act. As a result, other bills are being drafted at the same time; they aim to introduce responsibility for cryptocurrency transactions on the territory of the Russian Federation. Although these have been negotiated for some time, law enforcement still has questions. Perhaps this is one of the reasons these bills have not been agreed to date. The official emphasized that, although it was not easy to impose such a ban in Russia, it could at least deter citizens with conscience. At the same time, all people using cryptocurrencies will continue to use them despite the ban.