The Ministry of Finance considers cryptocurrency regulation in Russia to be one of the most liberal in the world.

According to Kabaloev, there is no ban on the sale of mined cryptocurrency in Russia, miners are allowed to sell digital assets on any platforms, and there is a clear procedure for their declaration and taxation.

At the same time, what is currently in the gray area requires further elaboration. The experimental legal regime (EPR) under the control of the Bank of Russia for organized trading is a step towards investment regulation, the official noted.

He noted that the EPR is a tool for the legal sale of cryptocurrency within the state, but it is not designed for mass participation. Specialists from the Bank of Russia and national security agencies are involved in the regime, and its task is to test approaches over several years.

According to Kabaloev, the decentralized finance sector (DeFi) is one of the most difficult to regulate. The Ministry of Finance suggests testing regulatory models for technologies rather than intermediaries, including through the creation of analogs of decentralized autonomous organizations (DAO).

Earlier, Finance Minister Anton Siluanov stated that his department, together with the Central Bank, plans to launch a state-controlled cryptocurrency exchange for super-qualified investors.