Anatoly Aksakov, a member of the Russia’s State Duma and a key spokesman for the nation’s cryptocurrency laws course of, claimed that he has by no means owned any Bitcoin (BTC).
Aksakov stated that he doesn’t maintain any Bitcoin and sure will not, as the federal government has prohibited officials from purchasing crypto, native information company TASS reports Thursday.
The official went on to say that he was prepared to purchase some Bitcoin as an funding earlier than the ban got here into pressure final 12 months. Nonetheless, he thought that the value was too excessive on the time:
“I wished to purchase solely with a purpose to accumulate. However Bitcoin had already surged an excessive amount of, and I used to be upset about spending cash. If it had value 100 rubles, I’d have purchased it.”
Within the interview, Aksakov additionally argued that Bitcoin shouldn’t be out there to unqualified buyers because of its excessive volatility. He additionally touched upon the event of Russia’s crypto tax regime, noting that crypto tax experiences are presently made on a voluntary foundation as a draft invoice that may make reporting obligatory has only passed its first reading in parliament.
Aksakov is a significant monetary official in Russia who serves as chairman of the Russian State Duma Committee on Monetary Markets in addition to a member of the Financial institution of Russia’s Nationwide Banking Council. Aksakov has emerged as a significant Bitcoin critic, predicting final 12 months that BTC had no future.
Aksakov’s remarks come shortly after one other regulatory initiative steered to partially lift the country’s ban on crypto payments in late Might. The nation officially enforced the ban in January as a part of its main cryptocurrency legislation, “On Digital Monetary Belongings.”