Russia’s Concerns Postpone Bill on Bitcoin Mining and Cryptocurrencies

Russia has delayed the bill on cryptocurrency and Bitcoin (BTC) mining over concerns that it could lead to capital flight.

Chairman of the Russian State Duma Committee on Financial Markets, the lower house of the Russian parliament Anatoly Aksakov at a press conference, for cryptocurrencies and Bitcoin mining of the bill capital to escape reported that it was postponed due to possible reasons. Aksakov In his statement, the state’s various institution and from organizations incoming your criticisms why is reported.

With the draft law, it seems that the purchase of cryptocurrencies will increase but actually it’s a way out of the country capital output that you can be underlining Aksakov, this risk they will evaluate and in bilateral dialogue with relevant institutions problem unravel they will work stated.

The President also stated that although the bill was delayed, will be confirmed soon stressed. January discussions about the bill in will restart Aksakov made the following statements on the subject:

We expect the bill to be approved at the first reading, but if it is not approved, we will try to convince the parties at the revision stage. If we don’t get approval at the second reading, the bill could probably be delayed, but I believe we can agree 90% of the time.

to the State Duma November per month If the proposed bill is approved, it would put cryptocurrency miners in legal status while simultaneously making them documentation, reporting and payment obligations in many fields such as to new standards will subject.

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