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Anatoly Aksakov: "the law on cryptocurrency regulation will be adopted in the spring session»

Anatoly Aksakov: “the law on cryptocurrency regulation will be adopted in the spring session»

Anatoly Aksakov, Chairman of the state Duma Committee on the financial market, said that the differences between lawmakers on the regulation of crypto assets are almost settled and the law will be adopted before the end of the spring session.

In an interview with RBC-Crypto, Anatoly Aksakov said that the consideration of the law on digital financial assets has reached the “finish line” and the regulation should be adopted before the end of the spring session of the state Duma. Aksakov claims that according to the results of the last meeting, lawmakers came to an agreement and settled differences on the issue of regulating cryptocurrencies.

He said that the document is currently under approval and if lawmakers manage to “get a reaction to it”, for example, next week, the bill will be submitted for consideration in the second reading. Aksakov stressed that the adoption of the bill was delayed due to lengthy discussions and discussions, as the state Duma expressed diametrically opposite positions regarding the legalization or prohibition of cryptocurrencies.

“The term of its [bill “on digital currency is not yet visible» there is no review, but there is a proposal that this law should be synchronized in terms of coming into force with the law “on digital financial assets”. We will carry out this work intensively to coordinate our position on the law “on digital currency”. The entry date of the law “on digital financial assets” is due to the beginning of next year – January 1, 2021, ” Aksakov said.

According to him, this month and next, lawmakers will actively coordinate positions on the law “on digital currency”. Aksakov hopes that by September, lawmakers will be able to agree on the text of the document, which will be submitted for public discussion. At the same time, the Chairman of the state Duma Committee on the financial market did not want to disclose the opinion of the ministries considering the law, since they are “diametrically opposed and there is still a discussion”.

Recall that in late may, the state Duma Committee on financial markets sent the bill and amendments to the codes, involving the imposition of fines up to 2 million rubles or imprisonment for up to 7 years for the release and turnover of public scriptaction.

Later, the Chairman of the Duma Committee on financial markets explained that subject to approval of the bills and amendments involve the responsibility for organizing the circulation of digital assets, but not for their purchase. In June, the Ministry of economy and then the Ministry of justice criticized the regulation of crypto assets considered by the state Duma.