First Deputy Governor of the Russian Central Bank: The draft cryptocurrency regulation will be adopted during the spring meeting of 2019

On May 22, the Russian Central Bank believes that the draft cryptocurrency regulation is fully prepared and is expected to pass in the spring of 2019. Olga Skorobogatova, First Deputy Governor of the Russian Central Bank, said that the bank expects that the cryptographic bill “Digital Financial Assets” (DFA) will be adopted during the spring of 2019, as ordered by Russian President Vladimir Putin. . At a recent parliamentary meeting, Skorobogatova considered DFA and the draft law on crowdfunding and other encryption-related bills to be “prepared sufficiently high” to be adopted during the meeting. It also emphasizes that all these draft laws are “important for the country and will allow for the implementation of new projects”. However, it was previously reported that the Russian Prime Minister and former President Dmitry Medvedev had stated that cryptocurrency regulation is not the primary task of the Russian authorities because encryption technology is “no longer popular”.