Aksakov: the law on digital assets will be adopted in the spring session

The Russian government will make another attempt to pass a package of legislative acts for circulationdigital assets in the country.

Anatoly Aksakov, head of the Financial Markets Committee, once again assured reporters that the law on digital financial assets would be almost guaranteed to be adopted by the end of the spring session.

Aksakov emphasized the importance of introducinglegislative regulation of cryptocurrencies for Russian business. In his opinion, the legalization of innovative technologies will make it possible to tokenize assets and use blockchain in all areas of the economy, especially in commodity trade with foreign partners. 

He also recalled that at the beginning of the yearPrime Minister Dmitry Medvedev spoke in favor of reasonable regulation of tokens in the country. And in December last year, Medvedev noted that the digital industry is developing faster than regulatory regulation, and that the country needs to create a regulatory framework for digital technologies.

The Prime Minister has already instructed lawmakersAdopt the law until November 1, 2019. However, departments could not agree on their positions by the deadline, and the bill remained on the sidelines of the authorities. Aksakov is sure that this spring the law will be adopted by parliamentarians.