Vadim Dengin, a member of the Russian parliament\u2019s working group on cryptocurrencies, that the issue of regulating cryptocurrencies in Russia will be brought up for discussion during parliamentary hearings.<\/p>\n
According to Russian state-owned news agency RIA Novosti, he also announced that relevant bills would be developed.<\/p>\n
“Roundtables, parliamentary hearings on cryptocurrency, or, in this case, on bitcoin as a trademark that everyone hears about these days, we\u2019ll be doing all that. One way or another, I think there will be bills in relatively short term that would legalize this currency and make it an official currency that can legally turn over in Russia,” <\/strong>he said.<\/p><\/blockquote>\n
Still, Mr. Dengin did not specify any particular date when those bills could be brought up.<\/p>\n
“Sooner or later, just like with user verification, we\u2019ll end up with some bitcoin exchanges,” <\/strong>he added.<\/p><\/blockquote>\n
Currently, bitcoin is not regulated in Russia. In June, Elvira Nabiullina, the chairwoman of Russia\u2019s Central Bank, stated<\/a> that the regulator intends to thoroughly study the basic principles behind cryptocurrency before proceeding with introduction of any regulation.<\/p>\n
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