The regulation of cryptocurrencies in the near future may become the Federal Tax Service. This was reported to the newspaper by Alexei Moiseev, Deputy Head of the Ministry of Finance “News”. He talked about the developed concept.
Moiseev explained that the supervisory agency will accept people’s statements regarding their “wallets” and transactions. Now FTS does this for foreign accounts.
“It’s reasonable to assume that the Federal Tax Service should also be concerned with regulation,” Moiseev said.
The official emphasized that natural and legal persons can mine money, sell it in the foreign market or keep it in the media, but cannot buy it back or use it for payment.
Nikita Vassev, former co-founder of 0xprocessing saidBitcoin (BTC), Arbitrum (ARB) and Sui (SUI) are currently the main cryptocurrencies with growth potential. At the same time, the expert said that it should not be forgotten that cryptocurrencies themselves are a volatile asset and investments in them can lead to losses.