Anatoly Aksakov: Cryptocurrency in Russia will be legalized, but will be under serious control

Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market assuredthat after the legalization of cryptocurrencies, all transactions with digital assets will be “under the hood”.

On the sidelines of the Cheboksary Economic Forum, the deputy said that many companies that work with cryptocurrencies are looking forward to legalization in Russia. But, Aksakov warned, operations would begin to be tracked and there would be no “complete freedom”. At the same time, it is quite possible to use cryptocurrencies for international payments. According to Aksakov, a package of laws on the regulation of cryptocurrencies should be adopted in October this year.

“Cryptocurrency will be legalized. Her movement will obviously be under serious control so that there is no abuse. “Cryptocurrency traders” want to be legalized faster. They are ready to work in a legal space, since foreign banks are sometimes afraid to interact with Russian banks and make settlements with Russia,” the deputy explained.

Aksakov assured that already in July in the first reading it is planned to adopt four

Source: Cryptocurrency

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