He said this during the conference "Crypto assets: what you wanted to know about regulation, but were afraid to ask." 

“The first thing to do is to protect the interests of our citizens, consumers of these services, those who buy these assets or use cryptocurrency in some other technological solutions.

In this regard, of course, in my opinion, it is necessary to regulate, not ban, ”TASS quoted him as saying.

According to Chebeskov, regulation will ensure the transparency that will protect citizens.

Earlier, the Central Bank announced possible measures to tighten regulation of the cryptocurrency market in Russia.

In particular, the regulator proposes to ban the mining, issue and exchange of digital money, as well as to block any transactions with electronic coins using the country's financial infrastructure.