Digital assets are poised to become a routine part of daily life in Russia as lawmakers advance legislation to remove them from special financial regulation, according a top Russian financial official.
Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, says a bill has already been drafted to exempt cryptocurrencies from the country’s existing special regulatory framework.
The move is intended to normalize the use of digital currencies among Russian citizens, reports the state media outlet TASS.
Says Aksakov,
“A bill has already been drafted that will exempt cryptocurrencies from special financial regulation, meaning they will become a common feature in our lives.”
Aksakov adds that lawmakers plan to devote significant attention to cryptocurrencies and other digital financial assets during the State Duma’s upcoming spring session.
He says the development of digital financial assets will be a legislative priority alongside broader discussions on crypto usage.
The comments highlight a growing divide between lawmakers and Russia’s central bank.
The Central Bank of Russia has previously warned that granting access to cryptocurrencies for unqualified investors would be a drastic step, according to the report.
Russia has taken a cautious but evolving approach to digital assets in recent years, permitting limited use cases while maintaining tight controls.
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