Russia Might Finally Adopt Crypto Law This Spring

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Russia’s State Duma (lower house of the parliament) might adopt the law on digital financial assets in the spring session, an official believes. Digital Assets to Have Legal Framework in Russia Companies cannot legally tokenize their assets at this point in Russia, though it had defined smart contracts in a recent “digital rights act.” However, the situation might improve soon as the country’s lower house of the parliament is about to vote on the concept of digital financial assets. The new law can be adopted this spring, according to Anatoly Aksakov, chairman of the State Duma Committee on the financial market. “I can say with a confidence of 99.9% that we will adopt this law in the spring session,” the deputy said at a press conference. Aksakov said that Russian businesses needed this law, as they would be able to leverage blockchain to better organize the sales of their goods,…

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