November 27, 2022

Cryptocurrency regulation in Russia postponed indefinitely

Cryptocurrency regulation in Russia postponed indefinitely

Anatoly Aksakov said that the government meeting on the regulation of cryptocurrencies has been postponed indefinitely.

The head of the State Duma committee on the financial market toldTASS that the meeting was postponed due to the incompatibility of the participants' schedules, and for the same reason have not yet agreed on a new date. He added that although there were irreconcilable differences between the members of the working group, they did not cause the cancellation of the meeting, which is being held to resolve them.

According to him, some government officials do not agree with the tough the position of the Central Bank, which slows down the regulatory process.

At the same time, Aksakov himself is on the side of the Central Bank. He supports the preliminary study of regulatory mechanisms and the accumulation of experience, after which it will be easier to decide on the transition to open platforms.

The head of the committee on the financial market also noted that the proposal of the Russian Union of Industrialists and Entrepreneurs will need to be taken into account in this matter.

Recall that the adoption by the State Duma of the draft law on CFA was postponed until the fall due to the requirements of the FATF.