April 30, 2024

Aksakov is sure that the State Duma will adopt the law on CFA in the spring

Aksakov is sure that the State Duma will adopt the law on CFA in the spring

The Chairman of the Financial Market Committee of the State Duma of the Russian Federation expects the adoption of the law on digital financial assets in the spring session.

Anatoly Aksakov said at a TASS press conference that he was 99.9% sure that the bill would be resolved this spring.

The deputy also noted that Russian businessneeds this regulatory act, as it will allow companies to use the blockchain in their commercial activities, both domestically and abroad.

The bill on the CFA passed the first reading in the State Dumaback in May 2018, but its further discussion led to disagreement among working groups on the main provisions of the document. Last year, the review was postponed due to new FATF requirements.

</p>