September 30, 2020

The law on cryptocurrencies in Russia is delayed again

According to the head of the State Duma Committee on the financial market, Anatoly Aksakov, parliamentarians do not have time adopt a law on the regulation of cryptocurrencies in the country until November 1.

Prime Minister Dmitry Medvedev back in Augustinstructed the responsible departments to adopt the law before November 1, 2019. However, according to Anatoly Aksakov, a compromise has not yet been found, but he looks positively at the discussion of the bill.

“The compromise, I think, is to give suchthe possibility of [using cryptocurrencies in the Russian Federation] and the key to the Central Bank. That is, such a phenomenon may be, but with the permission of the Bank of Russia, which is categorically against it, ”TASS agency quoted Aksakov as saying.

At the same time, the head of the State Duma committee on financialThe market is rather supportive of stable cryptocurrencies and even called them the “real thing”. But unsecured cryptocurrencies, which include Bitcoin, from the point of view of Aksakov represent a "real danger".

Recently it was reported that the Ministry of Finance of the Russian Federationand the Russian Union of Industrialists and Entrepreneurs (RSPP) have proposed dividing crypto assets into three different types to facilitate regulation. This is a division into technical tokens, virtual assets and digital financial assets.

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