Home News Russian law regulating securities can be changed due to cryptocurrency impact

Russian law regulating securities can be changed due to cryptocurrency impact

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The chairman of the State Duma Financial Development Сommittee suggested regulating cryptocurrencies according to the existing law regulating the financial securities, after selective corrections. 

“I think, we could make some selective corrections to the existing legislative acts, mainly the law regulating the market of financial securities, ”— said Anatoly Aksakov.

“It’s more reasonable to call them cryptoinstuments, not cryptocurrencies. In my opinion this financial instrument should be regulated, according to the financial securities law. All financial instruments, including the derivatives”, — he added.

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