State Duma, the lower chamber of the Russian parliament, will discuss a draft bill on crypto regulation in January or February

The State Duma, the lower chamber of the Russian parliament, will discuss a draft bill on crypto regulation in January or February, the head of Committee on Financial Markets told local news agency TASS on Monday, Jan. 14.

Chairman Anatoly Aksakov said that a long-awaited bill on digital assets — a term used by the Russian government to define crypto-related technologies — is tied to initiatives on crowdfunding and investment platforms. The projects will be discussed together, most likely in February, he stated.

The timeline was set following a request from Vyacheslav Volodin, the chairman of the State Duma. On Jan. 9, while opening the parliament’s spring session, he urged lawmakers to focus on the digital economy bills, including the one on cryptocurrencies. Volodin also proposed the creation of working groups of experts, entrepreneurs and researchers in order to speed up the development of the new laws.

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