Cryptocurrency

04/08/19 10:00 UTC-4

The bill on working with cryptocurrencies will be adopted in Russia

The Prime Minister of the Russian Federation, Dmitry Medvedev, instructed the Ministry of Finance and the State Duma to consider and adopt a bill regulating cryptocurrencies by November 1 of this year. According to information in Coinspot, the document will be called "On Digital Financial Assets".

 

Russian regulation of cryptocurrency

As reported in Coinspo, the new Russian bill on "Digital financial assets" will be adopted until the first of November. This information follows from the official protocol after the meeting with the Prime Minister. The information on the legal regulation of the cryptocurrency industry and concise terms for the adoption of the bill was also confirmed by the head of the State Duma Committee on the financial market, Anatoly Aksakov.

According to the information, the new bill does not contain such terms as "cryptocurrency" or "tokens", they were replaced by "digital securities" and "digital money". The new law aims to regulate the regulatory aspects of cryptocurrency ownership, as well as doing business with digital money.

It is important to take into account that the news about cryptocurrency has recently published materials on the regulation of digital assets at the state level.

In Russia, they will pass a bill to work with cryptocurrencies. Recall that the Russian Soyuzmash, together with the expert council of the State Duma on defense industry policy, proposed to the Central Bank of the Russian Federation a project for the sale of weapons for cryptocurrency.

Editor: Godfrid Brower

See also: "Germany has lost its BitPay cryptocurrency provider"

#cryptocurrency #Russia #bill #digitalmoney #cryptocurrencyregulation #legislation

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