RAKIB criticized the draft laws on the regulation of cryptocurrencies in Russia
Source:Yesterday, the Chairman of the Duma Committee on financial markets about the role of cryptocurrency and ICO. Also Anatoly Aksakov has revealed the dates of the readings of the draft law on the regulation of coins in the territory of the Russian Federation. The first one was held today. The incident was responded to by the representatives of RAKIB.
theCryptocurrency in Russia. Regulation close
Members of the Russian Association of cryptocurrency and blockchain shared point of view on the page . According to them, this version of the laws is no good. In particular, we are talking about the draft laws "On digital of financial assets", "About digital rights and On attraction of investments using investment platforms."
Last month the legal Committee of the organization, analyze the documents. The findings were disappointing.
The Bills do not allow for circulation of cryptocurrency, including its introduction in attracting investment by issuing tokens (ICO).
Staff had found other shortcomings.
The Bills do not contain answers to significant market issues relating, for example, the ability of Russian legal entities and individuals to purchase tokens and cryptocurrencies abroad, and also to place a token within the ICO in other jurisdictions.
Experts have proposed to finalize the draft laws on the definition of the status of crypto-currencies and tokens. They believe that the current state of securities investors to attract will not work.
It Appears that the adoption of the draft law in the proposed revisions will not allow to create on the territory of the country for proper regulation, do not create a favorable investment climate and encourage investors to care more loyal to a foreign jurisdiction.
The final Two readings will have 19 and 21 June.
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