Russia’s cryptocurrency bill is due in February, Deputy Finance Minister Alexei Moiseev has revealed, Bitcoin News reported.
The bill is expected to be adopted in the spring and lots of discussions are anticipated, Moiseev said in an interview with Rossia 24 TV channel. He believes, however, that changes to the Civil Code of the Russian Federation in connection with the adoption of the draft law on the regulation of cryptocurrencies will not be required.
He reiterated his previous position, “We said that people can be allowed to buy and sell on licensed sites if they are qualified investors.” While emphasizing that Bitcoin (Bitcoin) trading is “not directly legalized,” Moiseev also said, “there is no direct prohibition.”
The bill will also address ICO regulations. Moiseev explained that “there may be a limit on the amount.”
“There should be some prospectuses and legal obligations,” he said.
In addition, there should be some secondary markets for ICOs, he elaborated, adding that “the issuer should be able to buy out.” Furthermore, ICO investors should be able to trade the tokens on secondary markets and all information must be accurately portrayed, he concluded.