Russian Lawmakers Slam Moscow's Crypto Inaction, Cite Economic Fallout Crypto Chaos: Russian Economy at Stake?Russian lawmakers are pointing fingers at Moscow, accusing the capital of
neglecting its duty to regulate the
crypto market. This, they argue, is taking a toll on the nation's economy.
Voices of DiscontentDuring a recent discussion on March 13, some MPs didn't hold back. One boldly criticized the lack of recognition for
digital tokens as a legitimate form of payment. Meanwhile, another called for a
transparent system where public officials declare their crypto holdings.
To Regulate or Not to Regulate?Artem Kiryanov, Deputy Chairman of the State Duma Committee on Economic Policy and head of the Russian Union of Taxpayers, minced no words. He stressed the urgent need for a comprehensive law to bring order to the crypto realm. Kiryanov emphasized that current legislation falls short by not acknowledging cryptocurrencies as a medium of exchange.
2025: The Year of Regulation?While lawmakers push for swift action, reports suggest that full-fledged crypto regulation in Russia might be delayed until 2025. This revelation comes despite growing concerns about illicit activities and an increasingly vibrant digital asset market.
