Cryptocurrency News

Russian bitcoin critic says he would have bought BTC for 100 rubles

Anatoly Aksakov, a member of Russia’s State Duma and a key spokesman for the country’s cryptocurrency law process, claimed he never owned any bitcoin (B T c)

Aksakov said he doesn’t have any bitcoin and probably won’t, as the government has. Officers barred from making purchases crypto, local news agency TASS reports Thursday.

The official further said that he was willing to buy some bitcoin as an investment before the ban came into force last year. However, he thought the price was too high at the time:

“I only wanted to buy for deposit. But bitcoin had already gone up too much, and I was worried about spending the money. If it cost 100 rubles, I would buy it.”

In the interview, Aksakov also argued that bitcoin should not be available to unqualified investors because of its extreme volatility. He also noted the development of Russia’s crypto tax regime, noting that the crypto tax report is currently produced on a voluntary basis as a draft bill that would make reporting mandatory. Only passed its first reading in Parliament.

Aksakov is a leading financial officer in Russia who serves as chairman of the Russian State Duma Committee on Financial Markets, as well as a member of the Bank of Russia’s National Banking Council. Aksakov has emerged as a prominent bitcoin critic, predicting last year BTC had no future.

Aksakov’s remarks came soon after another regulatory initiative was suggested. Partially remove the country’s ban on crypto payments late May. country Ban officially implemented As part of its major cryptocurrency legislation, “On Digital Financial Assets” in January.