The State Duma will not be able to pass a bill on digital assets by November 1,

The State Duma will not have time to pass the bill “On Digital Financial Assets” by the deadline set by Russian Prime Minister Dmitry Medvedev. This was stated by Chairman of the State Duma Committee on the financial market Anatoly Aksakov, reports TASS.

However, he believes that a compromise solution will entrust the regulation of cryptocurrencies of the Central Bank of the Russian Federation:

“The compromise, I believe, is to give such an opportunity [to use cryptocurrencies in the Russian Federation] and a key to the central bank. That is, such a phenomenon may be, but with the permission of the Bank of Russia, which is categorically against it, ”Aksakov explained.

He also believes in the development of stablecoins, while he considers other crypto assets to be a “real danger”.

Recall, Dmitry Medvedev instructed to adopt a bill on digital assets until November 1.

The authorities of the Russian Federation have several times postponed its adoption. According to Deputy Finance Minister Alexei Moiseev, the reason is the lack of agreement in the cryptocurrency regulation vector.

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