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    Home » The law “On Digital Financial Assets” in Russia will do without significant amendments

    The law “On Digital Financial Assets” in Russia will do without significant amendments

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    By BlockchainJournal on December 12, 2018 News
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    The authors of the Russian draft law “On digital financial assets”, approved by the State Duma in the first reading, do not plan to make any changes to it. This was announced by Deputy Prime Minister Maxim Akimov, according to Finmarket.

    “We are not planning any significant deviations from the previously announced concept. We adhere to the position that has been developed at the site of the Finance Committee and the Civil Law Committee , ”he said.

    According to Maksim Akimov, the government takes a cautious stance with respect to the regulation of the cryptographic market . This is due to the instability of the industry, he added.

    “Life has shown that such a cautious approach is very correct. We wrote these bills at the peak of the market, when we say that “comrades, let's be careful, let's take a closer look” – such talks were extremely unpopular. But it turned out that the technology is immature, there are no guarantees , ”the official said.

    Due to the imperfection of the draft law in September, the Russian Union of Industrialists and Entrepreneurs (RSPP) presented an alternative project “On digital financial assets”.

    A month later, the Russian Union of Industrialists and Entrepreneurs sent this document to Prime Minister Dmitry Medvedev. As Maxim Akimov stated, after consideration of the businessmen’s proposal, the authors of the draft law did not make significant corrections.

    The official also said that in order to regulate the turnover of the steablokoin , it is enough to make “accurate” amendments to the existing civil legislation.

    In November, the Presidential Council on Codification and Improvement of Civil Legislation proposed to return the draft law “On digital financial assets” to the first reading stage due to its numerous flaws.


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