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    Russian Government to Start Consideration of Cryptocurrencies Regulation Bill

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    Russian First Deputy Prime Minister said that the government will start the consideration of a bill aimed at regulation of cryptocurrencies in the country.

    VLADIVOSTOK (Russia) (Sputnik) — The Russian government will start the consideration of a bill aimed at regulation of cryptocurrencies in Russia, the country's First Deputy Prime Minister Igor Shuvalov said Wednesday.

    "[The issue of regulation of the cryptocurrencies] does not go outside the framework of discussion. There is still no legal definition of a cryptocurrency, [there is no framework] of the powers of the Central Bank of Russia in regards to a cryptocurrency… these are only proposals of experts… But I hope that in the near future we will prepare a legislative initiative and will discuss this issue," Shuvalov said on the sidelines of the Eastern Economic Forum (EEF)

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