Pavel Krasheninnikov: There are those in the government who want to recognize cryptocurrencies as an object of civil law

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The head of the State Duma Committee on State Construction and Legislation said that there is no agreement among government officials on the recognition of cryptocurrencies as an object of civil law.

Pavel Krasheninnikov assures that it is the lack of consensus and common opinion on this issue that explains the absence of relevant laws. The MP himself believes that a compromise is necessary.

"There are no bills yet. But, as far as I know, some discussions are taking place in the government. There is a group of people who are in favor of making cryptocurrency an object of civil law, others are against it. Everyone has quite strong arguments. I think we need some limits on the turnover of cryptocurrencies, transparency of this turnover ― this needs to be ensured," the parliamentarian says.

Recognition of cryptocurrencies as an object of civil law equates them to property and will make the turnover legal in Russia. This approach has both supporters and opponents, so Krasheninnikov advocates a compromise ― to allow turnover, but to limit it.

Earlier, the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, confirmed the authorities' intention to completely ban the turnover of cryptocurrency assets in Russia.

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