Russia advances in cryptocurrency regulatory framework
The Parliament started the second reading of the bill on digital assets, following the enthusiasm of President Vladimir Putin, who considers digital development a priority
This Tuesday the Russian parliament, known as the Duma, took an important step towards the digital development of the country and in particular towards the regulation of cryptocurrencies. The agency took up the second discussion of the digital currency bill.
It is important to point out that the president of Russia, Vladimir Putin, has highlighted the digital development as fundamental for all citizens as well as the local economy.
The discussion of the project on “Digital financial assets”, according to the amendment of the Civil Code of the Russian Federation, was announced through the official website of the parliament.
The president of the State Duma Vyacheslav Volodin said: “New technologies are being actively introduced into economic life both in our country and abroad, but the problems of legal protection remain unresolved. After the approval of the law, citizens and legal entities will receive additional guarantees, which will allow them to participate more actively in the development of the economy of the future.”
The discussion of the project, launched in May 2018, has generated controversy and has allowed the emergence of new concepts, such as digital rights, from which derive specific obligations for the market according to legal criteria.
The bill also addresses aspects related to cryptocurrencies such as smart contracts and the possible launch of CriptoRublo within two or three years.
M.Pino
Source: Coincrispy
