Russia Postpones Crypto Regulation Until Spring 2019
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Russia will consider a cryptocurrency regulation bill in the spring session of 2019, Regnum reports.

"It’s important for us to consider the bill of our colleagues on digital financial assets on second reading of the spring session, which passed the first reading and the adoption of which is already overdue," said the head of the United Russia faction, Sergey Neverov.

The deputy says the issue of digitalization of the economy is one of the most pressing for the government of the country. And the adoption of the corresponding bill will allow Russia to "be competitive."

Recently, Russian Deputy Prime Minister Maxim Akimov said the Russian government has no plans to make significant changes to the bill "On digital financial assets."

The current version of the draft bill “On digital financial assets” has no definitions of “cryptocurrency” and “mining”.

It’s planned Russia would issue three bills which would regulate the circulation of cryptocurrencies and tokens in Russia.

Earlier, a Singapore-based cryptocurrency exchange Huobi expanded its presence on the Russian market with a new regional crypto exchange — Huobi Russia.

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