“We got acquainted with the concept of the Ministry of Finance,” TASS reports.

The Central Bank recommended that the Ministry of Finance publish the concept for public discussion in the near future, so that market participants and citizens can fully evaluate the proposals of the department.

“We do not agree with the position of the Ministry of Finance on a number of points,” the Central Bank summarized.

On January 25, Ivan Chebeskov, director of the financial policy department of the Ministry of Finance, opposed the proposed ban on cryptocurrencies in the country by the Central Bank.

He noted that he considers it necessary to introduce regulation of the digital asset market.

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

In turn, Rosfinmonitoring supported the position of the Ministry of Finance regarding cryptocurrencies.

Russian President Vladimir Putin asked the country's government and the Central Bank to hold discussions regarding cryptocurrency and report on the results.