Anatoly Aksakov, chairman of the State Duma Committee on the financial market, said that the restrictions imposed by cryptocurrency exchanges for users in the Russian Federation have become an additional argument against the legalization of crypto assets. Interfax writes about it.

He noted that his own position on the regulation of digital currencies has varied between sanctions. Previously, the official supported the legalization of cryptocurrencies with the introduction of tight control:

“Now the question has arisen that we have the world’s largest stock exchange that is not tied to a particular country and that we have limited operations for Russian participants in this market. There is a feeling that there will be other restrictions. Everything shows that the crypto market is regulated by the USA,” Aksakov says.

He had hoped that in the near future authorities would pass a law on the regulation of cryptocurrencies, but now believes they will “start a broad discussion after the May holidays.”

Recall, on April 21, the Binance exchange announced that it has imposed restrictions on the accounts of residents of the Russian Federation, whose total value of crypto assets exceeds 10,000 euros. The measures came after the adoption of the fifth EU sanctions package against Russia due to the invasion. Ukraine.

Binance chairman Changpeng Zhao said that Russia cannot use crypto assets to circumvent sanctions.

Prior to this, restrictions for Russian users were imposed by leading crypto exchanges in South Korea, including Bithumb, Upbit, Coinone and Korbit, as well as cryptocurrency exchanges Kuna, WhiteBIT and CEX.io.