The bill on digital financial assets (CFA) may be adopted by the State Duma of the Russian Federation in the second reading in the next two weeks. This was stated by the deputy head of the Ministry of Finance Alexei Moiseev.
“Now we are looking at the text [of the bill on digital financial assets] and within two weeks, I hope, we will come out for adoption in the second reading ,” he said.
According to Moiseyev, the regulation of the ICO was approved within the framework of this concept.
“Accordingly, there will be two laws: the crowdfunding law, including the ICO, and the law on digital financial assets, which will be in the form approximately as it is now prepared for the second reading,” he added.
Recall that the bill on digital financial assets was submitted to the State Duma in March last year and passed the first reading at the end of May.
In October 2018, it became known that Russia intends to synchronize the regulation of the country's crypto industry with the requirements of the FATF (Financial Action Task Force) commission. The relevant proposals were prepared by the State Duma in May of this year.
In November 2018, due to a number of shortcomings, the bill on the CFA was proposed to be returned to the first reading stage and substantially changed.
We also note that Russian President Vladimir Putin has appointed the date until which laws are to be adopted, aimed at the development of the digital economy, July 1, 2019.
Publication date 19/06/2019
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