The bill on digital financial assets will most likely not be passed by the end of July, as previously expected. This was stated by the head of the State Duma Committee on Financial Market Anatoly Aksakov, reports TASS .
Apparently, the main reason for the transfer of the adoption of the law is the lack of a unified position of the authorities regarding the regulation of cryptocurrencies .
“It is necessary to prescribe in legislation what a cryptocurrency is. Then there is a fork in the road: we prohibit in Russia to organize the infrastructure for the purchase and sale of cryptocurrencies, or allow it , ”said Aksakov.
If the first option of regulation is chosen, the operation of cryptocurrency exchanges will be prohibited.
“The law on digital financial assets should decide whether we will prohibit cryptocurrency as an exchange tool in Russian legislation. That is, there will be no exchange points, exchanges that will work with cryptocurrencies. And we have not come to an agreed position here yet. ”
At the same time, he noted that in case of a ban on crypto-burg, Russians will still be able to buy digital currencies through foreign platforms.
Meanwhile, the crowdfunding bill is currently “practically agreed” and will be adopted soon.
Earlier, the Russian authorities have already postponed the adoption of a law on digital financial assets. Then it was associated with the requirements of FATF.
Last month, Anatoly Aksakov said that the law on cryptocurrencies in the Russian Federation could be passed by the end of July, but at that time he stressed that the authorities had not yet decided on the vector of market regulation.
Publication date 10/07/2019
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