Russia: state Duma will decide on crypto laws

The Russian state Duma will decide soon about the approval of digital securities. In the event of a successful adoption of two laws could be within the next two weeks passed. At the second reading in the national Parliament of Russia of the immediate future of ICOs and other crypto-financial products in the country decides so. But one thing is already clear: Facebook Libra-currency receives no legalization.

From Polina Khubbeeva
20. June 2019BTC$9.368,00 2.99%part Facebook Twitter LinkedIn xing mail

Russia is doing anything in terms of regulation. Tass.ru, a Russian Online-news site, reported on may 18. June 2019 by a forthcoming decision of the Parliament to two laws. It is a ICO-law and a-law digital securities. If the Parliament will vote on this after the second reading, is the way for digital securities on crypto-base.

Deputy Minister of Finance of Russia optimistic

Alexey Moiseev, Deputy Finance Minister of Russia, sees, meanwhile, is a good chance for a speedy decision of the state Duma. "We are currently sifting the Text of the law to digital financial systems and it, so I hope to be adopting within the next two weeks for the second reading," said the politician. Furthermore, he confirmed that the law happens to also be around in the current Form in the Parliament.

The ICO-law seems to have been already accepted. According to Moiseev, there is Crowdfunding part of a regulation.

In the run-up to the Chairman of the Parliament Committee on financial markets Anatoly Aksakov spoke to currencies of the delays in the regulation of Crypto in Russia. Accordingly, the requirement of the FATF for regulation of Bitcoin & co. in the national regulatory process.

Libra-criticism in Russia

Despite a legislative breakthrough Russian authorities of their sceptical line with regard to certain crypto products. Thus, Russia has, for example, to legalize the active transport of digital currencies in the country. User Bitcoin & co. can continue to purchase online, crypto-exchanges from Russia wants to prevent.

Also the freshly presented "Facebook-Coin" Libra will have in Russia probably no future. Aksakov said in a radio interview against the legal adaptation of the Coins on the Russian territory.

on the Other hand, the Chairman of the Russian Central Bank to the public with the idea of a in-house Cryptocurrency plays. Elvira Nabiullina participated in a student conference the potential benefits of such a project in the future. While the technology would continue to Mature, in order to be reliable. Overall, the electronic currency, of the population of Russia offers many possibilities.

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