Russia’s Crypto Monetary Law Comes To Two Weeks

Russia's Crypto Monetary Law Comes To Two Weeks

Russia’s Crypto Monetary Law Comes To Two Weeks

 

It is reported that Russia will adopt the crypto currency law it has been working on since last year in the next two weeks.

 

According to a local senior finance official; Duma, the lower wing of the Russian parliament, will adopt the country’s kapsaml覺 Digital Financial Assets kapsaml覺 (DFA) comprehensive crypto currency bill within the next 2 weeks. The news was reported by Russian state-sponsored news agency TASS on June 19th.

 

Russian deputy finance minister Alexei Moiseev said that the Duma is currently considering the DFA and that the second session, which will take place in the next two weeks, is expected to be adopted.

Russia's Crypto Monetary Law Comes To Two Weeks

Russia’s Crypto Monetary Law Comes To Two Weeks

In addition, Moiseev said that parliament approved a separate legislation for digital money supplies (ICO) and that the ICOs would be included in Russia’s funding laws.

For this reason, Moiseev stated that Russia will have DFA and mass funding law regarding crypto currencies in the coming periods and they also expect that the DFA will be approved in the second parliamentary session.

If the process proceeds as the authorities have predicted, it will be in line with Russian President Vladimir Putin’s request to pass his country’s law governing crypto money by July 1, 2019.

Recently, TASS reported that the adoption of the bill was extended by FATFML because keywords such as ip crypto currency eksik were missing.

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