October 22, 2020

The adoption of the CFA law will be postponed until 2020, according to the Ministry of Finance

The adoption of the CFA law will be postponed until 2020, according to the Ministry of Finance

According to Deputy Finance Minister Alexei Moiseyev, it is unlikely that the State Duma will have time to pass a law on digital financial assets this year due to new comments.

This was also confirmed by Interfax and the head ofState Duma Committee on the Finnish market Anatoly Aksakov, calling the current situation with the law uncertain due to new proposals from several organizations that must be taken into account.

Among other reasons for the delay, he calls the difficulties with administering the use of cryptocurrencies on open platforms and ongoing discussions on the legalization of public blockchains.

At the same time, Aksakov notes the need for a speedy settlement of these issues, since legal uncertainty plays into the hands of digital speculators and unscrupulous market participants.

In addition to lawmakers, the Ministry of Internal Affairs together with other law enforcement agencies will develop mechanisms to combat criminals using cryptocurrency.

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