April 25, 2024

The State Duma has postponed consideration of the bill on the regulation of cryptocurrencies

The head of the State Duma Committee on Financial Markets, Anatoly Aksakov, said that the meeting with the participation of the ministerFinance Minister Anton Siluanov on the bill on cryptocurrencies is postponed indefinitely.


“They postponed the meeting until the deadline was determined, fromschedules depend. Yesterday, the schedule did not allow the meeting to be held not because there were irreconcilable differences. They are irreconcilable, yes. But for this meeting is also going. There is a position that the Bank of Russia takes firmly, there is a position that other government officials take quite firmly, ”said Aksakov.

Recall that a bill introduces conceptscryptocurrencies and tokens, while, according to the document, they differ in the number of issuers and the purpose of the issue. If there is one issuer, then this is a token, but if there are many issuers or miners, then this is cryptocurrency. The bill also defines the concept of a smart contract.

According to Aksakov, at the adoption of the billinsists the Russian Union of Industrialists and Entrepreneurs (RSPP). Industrialists want to issue tokens secured by commodities and sell them to interested parties. But this requires a legal basis.

Let us recall that Russian Prime Minister Dmitry MedvedevBack in August, he instructed the responsible departments to adopt the law by November 1, 2019. It was expected that after the meeting on September 18, the bill would be signed as soon as possible.