The law on cryptocurrencies in Russia is delayed again

According to Anatoly Aksakov, head of the State Duma Committee on the Financial Market, parliamentarians do not have time to pass a law on the regulation of cryptocurrencies in the country until November 1.

Recall that Prime Minister Dmitry Medvedev in August instructed
responsible authorities to pass the law before November 1, 2019. However, according to Anatoly Aksakov, a compromise has not yet been found, but he looks positively at the discussion of the bill.

“The compromise, I think, is to give such an opportunity [использования криптовалют в РФ] and key to the central bank. That is, such a phenomenon may be, but with the permission of the Bank of Russia, which is categorically against it, ”TASS agency quoted Aksakov as saying.

At the same time, the head of the State Duma committee on the financial market favorably looks at stable cryptocurrencies and even called them the “real thing”. But unsecured cryptocurrencies, which include Bitcoin, from the point of view of Aksakov represent a “real danger”.

Recently it was reported that the Ministry of Finance of the Russian Federation and the Russian Union of Industrialists and Entrepreneurs (RSPP) have proposed dividing crypto assets into three different types to facilitate regulation. This is a division into technical tokens, virtual assets and digital financial assets.