The adoption of the law on cryptocurrencies in the state Duma is scheduled for may

The lower house of Parliament is considering the adoption of the law governing the concept of «cryptocurrency». Leader of the house on the financial market Anatoly Aksakov noted that according to the instructions of the President of the Russian Federation, the signing of the document is scheduled for may 2018.

According to Aksakov, the two bills have already been published. There are different positions of the Central Bank and the Ministry of Finance, however, at the state Duma, proposed to find a compromise solution to the deadline to accept the relevant documents and to execute the President’s order.

We will remind that earlier the Central Bank and the Ministry of Finance has published its own versions of the bill on cryptocurrency regulation. However, to reach agreement on the exchange of crypto currency for rubles and other assets have not yet succeeded. The Bank of Russia is inclined to permit such transactions only with respect to the tokens, and the Ministry of Finance, in turn, declares that it does not involve the use of digital assets as means of payment in Russia.

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