According to the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, the law “On digital financial assets” can be passed until October 1. According to him, by this time the deputies and relevant departments should come to an agreed position regarding the cryptocurrency turnover.
Aksakov recalled that out of 20 bills defined by the Cabinet of Ministers as priorities in this area, only one was adopted. The deputy explained:
“This is a digital rights law – 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. ”
Aksakov repeated the earlier thesis that the bill on digital financial assets was “stuck” because there is still no agreed position on whether to prohibit the release and circulation of assets released in the open blockchain — for example, Bitcoin — so that citizens countries could operate with cryptocurrencies.
Needless to say, this is the key issue for all Russian cryptocurrency owners. According to Aksakov, they have about two months to wait for the verdict. The parliamentarian promised:
“By October 1, this issue should be settled by law. Readiness is high … we will work hard in September. ”
Posted July 07, 2019
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