The State Duma will not be able to adopt a law on digital financial assets until November 1, as requested by Prime Minister Dmitry Medvedev. This was reported by TASS with reference to the statement of the head of the State Duma Committee on the financial market Anatoly Aksakov.
Answering a question about whether to expect approval of the law by November 1, he said:
"I'm afraid not".
Obviously, the main problem hindering the further progress of the process is still related to determining the status of cryptocurrencies on the territory of the Russian Federation.
“The compromise, I believe, is to give such an opportunity [to use cryptocurrencies in the Russian Federation] and the key to the Central Bank. That is, such a phenomenon can be, but with the permission of the Bank of Russia, which is categorically against it, ” Aksakov commented.
He also noted that unsecured cryptocurrencies, such as bitcoin , carry a “real danger” , while stablecoins have a right to exist.
Aksakov previously supported the idea of the Russian Association of Cryptocurrencies and Blockchain (RACIB) to determine the official cryptocurrency exchange rate for taxation and legal proceedings.
Publication date 10/11/2019
Share this material on social networks and leave your opinion in the comments below.
