The head of Moscow exchange called cryptocurrency «e-gold»

According to the head of Moscow exchange Alexander Afanasiev, cryptocurrency in their functions is more reminiscent of «e-gold».

On 28 December the public Council under the RF Ministry of Finance presented a bill on regulation of digital assets in the Russian Federation, which defines the concept of cryptocurrencies, mining and ICO. Deputy Minister Alexey Moiseev explained that in the current version of the bill mainly concerns the ICO, but will be subsequently added rules on the cryptocurrency circulation.

«No one yet really knows how to categorize crypto-currencies. It is a derivative, a security, asset, or intellectual property? In my opinion it is more reminiscent of e-gold. Gold in all ages have accepted as means of payment — it was a social contract. Today in the social contract on bitcoin involved a small number of the population, but in a sense, this informal social contract has already been signed», — said Afanasiev.

«Gold can be inherited or selling goods and services, but it is also possible to «earn» the most. The analogy is,» he added.

In a world of rapidly growing interest in the cryptocurrency. Many countries have opened their markets to them, but the government continued a very cautious approach to this issue.

We remind you that on behalf of the President of Russia Vladimir Putin, the government and Central Bank in the first half of 2018 should prepare amendments to the legislation of the Russian Federation, which will regulate the procedure for the cryptocurrency similar to how regulated securities. The Central Bank said that by the end of 2017 will present the concept of regulatory «sandbox», which will be the temporary regulation of the cryptocurrency.

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