Anatoly Aksakov: a bill on digital assets may be passed in October

The bill on digital financial assets may be adopted by October 1 – by this time a unified position should be developed with respect to the regulation of cryptocurrencies. This was announced to Parliamentary Gazette by the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov.

“The Digital Rights Act – it is the basis to enact industry laws. Now there is a definition of digital rights, there is a legalization of smart contracts. Next was the adoption of laws on digital financial assets and on the regulation of investment platforms – they were closely interconnected with each other, ” said Aksakov.

He believes that the authorities will be able to reach a compromise on the regulation of cryptocurrency by October:

“By October 1, this issue should be settled by law. Readiness is high … we will work hard in September, ” said Aksakov.

He also noted that a bill on investment platforms could be adopted much faster – as early as July 24 – in the third reading.

“The document makes it possible to attract investments through platforms for various projects and sets requirements for investors, platforms, their operators, in order to cut off unscrupulous participants from the market, ” Aksakov stressed.

Recall, last week, Deputy Finance Minister Alexei Moiseyev said that the bill on digital financial assets was “stuck” at the discussion level, since the Russian authorities still cannot decide on the vector of regulation of the use of cryptocurrency.

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