On 22 may, the state Duma will consider the bill on the regulation of cryptocurrencies

At the plenary session on may 22, the state Duma will consider in the first reading the draft law on the regulation the ICO and cryptocurrency developed by the Ministry of Finance and the Central Bank.

The bill the state Duma Committee on Finance recommended to acceptance in the first reading, said the head of Anatoly Aksakov.

He reminded that the draft law defines the concepts «cryptocurrency», «mining», «token» and contains the General rules for the regulation of the operations of token issuance to raise funds to Finance projects proposed by the issuers of the tokens.

«Is that the tokens may change for Russian rubles and foreign currency, but their exchange for money will be determined by the Central Bank, – said Aksakov. – At the same time the Central Bank has the right to set restrictions for investors to invest CryptoStream».

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