January 15, 2025

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 Head of the Ministry of Finance Alexei Moiseev, it is unlikely that the State Duma will have time to adopt the law “On digital financial assets”. this year due to new comments.

This was also confirmed to Interfax. AndHead of the State Duma Committee on the Financial Market Anatoly Aksakov, calling the current situation with the law uncertain due to new proposals from several organizations that should definitely be taken into account.

Among other reasons for the delay, he names difficulties in administering the use of cryptocurrencies on open platforms andongoing 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 legislators, the Ministry of Internal Affairs together with other law enforcement agencies will develop mechanisms to combat criminals using cryptocurrency.

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