President Vladimir Putin’s chief internet advisor had earlier this week divulged the formation of a Blockchain and Cryptocurrency advocacy group. In the similar time frame, its Deputy Finance Minister had quipped that only qualified investors be allowed to trade in Bitcoin.
The Russian media was informed this week by Duma’s financial markets committee’s leader Anatoly Aksakov, that a dedicated working group to address the Cryptocurrency issue will be formed. He added that he would soon meet officials from the central bank and finance ministry too.
Amidst this background, an official from Russia’s national legislature has commented that new laws concerning the cryptocurrencies could be in place by the end of this fall.
If all the pieces do fall into place, Aksakov hopes the lawmakers could complete the crux of Cryptocurrency related legislative procedures in the coming months.
Aksakov’s translated comments: “… I think that by autumn, by the end of the fall session, we will be able to adopt this [Cryptocurrency] law… ”