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The government will finalize the controversial bill on digital assets

The resonant draft law “On digital of financial assets” which was published in September of this year and not even contain a definition of cryptocurrencies will be adopted by the State Duma of the Russian Federation without significant changes. This was stated by Deputy Chairman of the Russian government Maxim Akimov.

Moreover, the document aims to regulate the cryptocurrency market, there is no concept of “cryptocurrency”, and mining is categorized as a token issue for investment in capital.

“We take the position that developed at the site of the two committees of the state Duma Committee on Finance and the Committee on the civil legislation”, — said Akimov.

Akimov said that the fall of the stock market suggests the need for a cautious approach to regulation of industry, digital tokens and blockchain-industry.

“There are no significant deviations from previously announced concept plan. We are including all interested parties is a great conversation we are in dialogue and at different venues to discuss it, but I want to reiterate — while we have to solve the minimum problems. Experience has shown that this cautious approach is very correct. We wrote these bills at the peak of the market when he said that “comrades, let’s be careful, let’s take a closer look” — such talk was extremely unpopular. But it turned out that the technology is immature, there are no guarantees,” said the official.

Earlier, the Russian Association of kryptonyte and blockchain (RAKIB) stated that adopted by the state Duma in the first reading the draft laws on bitcoin, exclude the development of blockchain-industry in the country, they will not attract investment capital in Russian startups, small and medium business.

In turn, the head of the working group on risk assessment of turnover cryptocurrency of the state Duma of the Russian Federation Elina Sidorenko frankly admitted that the bill investors should not expect “free cryptoeconomy” in the country.


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