See also
18.02.2022 05:43 PMThe Bank of Russia's initiative to restrict cryptocurrency trading and mining, as it could lead to financial instability, caused a hot dispute. The Ministry of Finance is among those who disagree. Nevertheless, a compromise has not yet come to light.
According to Anton Siluanov, Minister of Finance, he believes that the controversy will be resolved and the bill to regulate cryptocurrencies will be approved by the end of the year.
He also mentioned that the Ministry of Finance offers to identify crypto traders, thus making this business more clear and honest.
However, this point is quite controversial, as one of the advantages of cryptocurrencies is their anonymity, which is lost with providing law enforcement with data of money transactions.
In its turn, the Central Bank disagrees with the proposal of the Ministry of Finance on legalization and stands firm on the position of a complete ban on cryptocurrency operations.
The bank has previously blamed speculative demand for the rapid growth of cryptocurrencies and warned of potential bubbles in the market.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
