Russia Still No Closer to Regulating Crypto Despite Central Bank ‘Concession’
Russia’s staunchly anti-crypto Central Bank has spelled out its “vision” for crypto regulation – but the painfully slow process of formulating a regulatory framework appears to be frustrating even the parliamentarian charged with creating legislation for the sector.
As previously reported, the head of the State Duma’s Committee on the Financial Markets Anatoly Aksakov last week admitted that draft crypto legislation – originally slated to be unveiled for a vote in the Duma before the end of 2021 – will likely not appear any sooner than spring 2022.
The reason for the delay is a messy impasse between the Central Bank and other anti-crypto regulatory and government voices and pro-business advocates in the government, who prefer a more pragmatic
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