In the state Duma a bill on the introduction of cryptorama as legal tender

The day 25 January was the most fruitful for the proposals and the bills for the cryptocurrency. No sooner had the Ministry of Finance to introduce a bill on the regulation of cryptocurrencies and ICO, as well as doing their taxation, as the initiative was intercepted by the Communist party.

In the State Duma the bill «About system of distributed national mining», which is offered to introduce digital financial asset called «scriptural» as a legitimate means of payment in Russia. The document appeared in the electronic database of the lower house of Parliament on January 25. The author is the Deputy from fraction of the Communist party, Rizvan Kurbanov.

The bill cryptool is defined as «a digital financial asset circulating in the territory of the Russian Federation, which is protected using cryptographic techniques and is used by participants of the distributed registry of digital transactions.» The document proposes to set scriptural as legal tender in Russia, that is the analogue of the usual ruble.

In the explanatory note to the document stated that the currently existing cryptocurrencies «are not under state control and may not be used in the legal field of the Russian Federation». Therefore, according to the Deputy, it is necessary to introduce a digital asset that is fully controlled by the Russian state authorities.

«The new digital financial asset is proposed to be called «CryptoRandom», assign it the status of legal tender on the territory of the Russian Federation. The state authorities of the Russian Federation will exercise control over this digital of financial assets».

According to the author of the bill, «scriptural» will help to optimize the settlement system between the subjects of business and financial institutions, as well as it will attract monetary funds of legal and physical persons in the Russian economy.

In early July of last year, first Deputy Chairman of the Bank of Russia Olga Skorobogatova at the forum SPIEF-2017 stated that the Central Bank is studying the possibility of creating a national cryptocurrency and making «several pilot projects», and the Ministry even started preparing for the release of cryptorama. However, later the head of the CBR Elvira Nabiullina said that the regulator is considering a cryptocurrency «as a digital asset», but that is not the nearest future.

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