Russia’s Deputy Finance Minister announced that the cryptocurrency bill is expected to be ready by February 1. He then unveiled some details of the bill, including taxation and registration of crypto miners, trading restrictions for bitcoin, and initial coin offering (ICOs) regulations.
Crypto Bill Expected in February
The Russian finance ministry and the central bank are actively working together on a regulatory framework for cryptocurrencies and ICOs. This follows a mandate by president Vladimir Putin for their regulations to be implemented by July of next year. Deputy finance minister, Alexei Moiseev, said on Wednesday in an interview on Russia 24 TV Channel:
If I’m not mistaken, the proposals should be formulated by February 1 in the framework of the president’s mandate.
This bill is expected to be adopted in the Spring and lots of discussions are anticipated, he expressed. In addition, he “believes that changes to the Civil Code of the Russian Federation in connection with the adoption of the draft law on the regulation of cryptocurrencies will not be required,” Tass conveyed…
Read Full: Russia Unveils Details of Cryptocurrency Bill Expected in February
