Several native experts have recently expressed their disappointment with the development of Russia‘s cryptocurrency regulations, citing areas as ”ineffective” and ”far behind” those of other countries.
Discussing the main bill in question, “On Digital Technologies,” Artem Tolkachev, chairman of the Russian Blockchain community since 2016, said that he was ”disappointed” with the current version, pointing to areas that he perceives would create potential inefficiencies.
His main critique points centered about the crowdfunding section prepared by Russia’s central bank, and also the amendments to the Russian Civil Code. His concerns were that both bills were constructed independently and that would consequently make them rather ineffective.
The government has been attempting to regulate the area of cryptocurrency since January 2018, only to be met by different obstacles. The bills which were expected to be passed at the beginning of July have been delayed until October.
Tolkachev thinks that the issues related to passing the bills arise from the ”complexity of the subject” and a lack of intergovernmental consensus over how, and what exactly should be state regulated. Reports have emerged that the Russian Central Bank has become opposed to the Ministry of Economic Development on the subject, with the latter pushing for a more progressive agenda.
Source:
https://bitcoinnews.com/why-experts-are-calling-russias-crypto-bill-disappointing/
