Russian Deputy Prime Minister: Draft Crypto Legislation Won’t Be ‘Significantly’ Edited

[PRIBO247]

Maxim Akimov, the deputy prime minister of Russia, announced
that the authors of Russia’s draft cryptocurrency legislation were
not planning on making any changes to the bill. His statement was
reported by Russian information agency Finmarket , which
specializing on the financial and commodity markets, on Dec. 11.

The bill “On Digital Financial Assets” — approved by Russia’s
parliament, the State Duma, back in May — has given rise to a lot
of discussion within the Russian legal discourse since its first
reading. Back in the fall, all crypto- and token-related terminology
had been replaced with the term “digital rights,” and the definition
of crypto mining had also been cut from the bill.

However, at the beginning of this month, Pavel Krasheninnikov, the
head of the council and chairman of the State Duma committee on
state building, said that the bill had been pushed back to the first
reading stage as it needed to be “significantly” changed, as
Cointelegraph reported Dec. 1.

Meanwhile, the deputy prime minister underlined this week that
there would not be “significant amendments” to the draft bill,
according to Finmarket. Akimov also noted:

“We are having a big conversation with any interested
parties, we are in a dialogue and discuss it at various
venues [...] [But] We adhere to the position that has been
worked out at the site of the two committees [the Finance
Committee and the Civil Law Committee of the State
Duma]."

Speaking about the possibility of creating stablecoin -related
regulation, Akimov noted that this form of legislation would
possibly "duplicate the standard mechanisms for fundraising,”
adding:

“This is not the case for which all civil law must be turned
upside down. These tools must be entered into [existing]
civil legislation very carefully, what we are trying to do.”

Last month, Anatoly Aksakov, the chairman of Russia’s State
Duma Committee on Financial Markets, said that the “crypto
ruble,” a proposed state-backed stablecoin, would be “the same
ruble, just in encrypted form,” Cointelegraph wrote Nov. 8.

Source : https://cointelegraph.com/news