Russia’s legislature will begin next week to review the draft law on cryptocurrencies

nRunaway Comment: Russia’s legislation on cryptocurrencies and blockchain is about to enter the next phase, and its national legislature will discuss and review the draft law starting next week. Although the progress of the work was slower than expected, similar news suggests that it has indeed been pushed forward. It is reported that the bill is likely to be officially launched next spring, then, Russia’s encrypted currency market will usher in a new situation.n
nTranslation: Inan
According to a senior Russian government official, the Russian national legislature is expected to review the new cryptocurrency regulation from December 28.n
RIA and TASS quoted Anatoly Aksakov, chairman of the National Duma Financial Markets Commission as saying that the new regulations are likely to be released early next year. It is reported that these rules will regulate the creation and trading of cryptocurrencies such as Bitcoin.n
According to Agence France Presse, Aksakov said:n
n”I expect the draft cryptocurrency law to pass in March next year … Our immediate problem is that many people already hold cryptocurrencies and are deceived and we want to give them legal use of cryptocurrencies And protect them as much as possible. “n
nThese comments almost confirm that Russia will not pass the bill by the end of this year, as Aksakov said earlier. In September, Aksakov said he believes the work could end by winter. However, due to the different opinions of legislators on the scope of regulation of the proposed law and regulation, this work has undergone a series of delays.n
A few months ago, Russian President Vladimir Putin had ordered a new law on cryptocurrencies and blockchains, as well as provisions aimed at the ICO.n
According to the Tass news agency, Aksakov also mentioned Putin’s instructions when it comes to work in the coming weeks and months.n
He told reporters:n
n”The president has already given us a deadline, and a week later we will be debating the bill and putting it into the discussion process.”n

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