bitcoin and litecoin 1xbet
Blockchain

Russia’s Central Bank Expects Crypto Draft Bill ‘On Digital Financial Assets’ to Be Adopted Soon

Russia’s Central Bank Expects Crypto Draft Bill 'On Digital Financial Assets' to Be Adopted Soon

The Central Bank of Russia has recently emitted a report affirming that the draft bill on crypto regulation is currently being prepared and that it will be adopted until the Spring of this year. Russia is a major cryptocurrency market but it still struggles with the lack of proper regulation, so this is a major issue for the country.

Olga Skorobogatova, who acts as the first deputy governor of the national central bank, has affirmed that the new bill, which will be called On Digital Financial Assets, has to be adopted soon. This will happen because of an order emitted by the president of the country, Vladimir Putin, who is concerned about the insufficient regulation in the sector.

The deputy governor recently spoke at the parliament of the country and affirmed that the new crypto bill is prepared to be approved and then adopted. Together with it, there will be a law regarding crowdfunding and some other bills which are related to the crypto market.

Buy or Sell Bitcoin and Litecoin

If the bill is actually properly turned into a law, it would be great for the local community of the country, which hopes to become a vibrant market soon but often trips on regulatory issues.

It was also emphasized that all the draft bills are very important for the development of the country and should be implemented as soon as possible.

On the other hand, the prime minister of Russia, Dmitry Medvedev, has recently affirmed that crypto regulation is not really a priority for the government at the moment since it has lost most of its popularity ever since 2017, which shows that maybe the government is not completely sure on which way to follow on this topic.

A second reading of the law was also officially delayed recently as the Russian authorities revealed that the Financial Action Task Force on Money Laundering asked the country to avoid some terminologies in the bill.

Despite the efforts of some sectors, it looks that, unfortunately, the crypto market in Russia is far from being as properly regulated as it can be.

Let’s block ads! (Why?)

Bitcoin Market Price Chart in RealTime

Source: BEG

MOST TRENDING NEWS ON SLEEKARENA

Newborn baby falls to his death at hospital in South Africa after nurses allegedly refused to help the Zimbabwean mother who gave birth standing

Gov. Emmanuel hails A/Ibom-U.S. health partnership

Drama As Church ‘Shuts Out’ Villagers In Nsukka

Crypto Payment Firm Everex Obtains License From New Jersey Regulators

Nigerian lady narrates how she got reduced to a ‘vagina’ by a man she met on the plane

Get News Update Daily - It is Your Right

loading...
loading...
To Top