Law on cryptocurrency regulation may take effect in October

MOSCOW, Mar 18 (PRIME) -- A law regulating issuance, control, and circulation of digital financial assets, or cryptocurrencies, in Russia may come in force in October, according to the amendments backed by the financial market committee of the State Duma, the parliament’s lower house, seen by PRIME on Monday.

All the amendments were recommended for approval on Tuesday along with a corresponding bill in the second out of three mandatory readings by the State Duma.

The amendments exclude a clause stipulating that digital financial assets are not a legal means of payment in the country.

A clause regulating issuance of such assets will be added to the bill.

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