Russia Loses Billions Due To The Lack Of Cryptocurrency Legislation – Rakib

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February 1, 2022
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According to the russian association (rakib), the russian government has lost about $ 2 billion due to the lack of a cryptocurrency control system.

Russia Loses Billions Due To the Lack of Cryptocurrency Legislation - Rakib

On february 27, the head of state, vladimir putin, ordered that the relevant legislation is taken no later than july 1 of the current year. Thus, it should be developed in the first half of the year.

Representatives of rakib noted that since putin instructed to develop a relevant legislative document, and so far due to the lack of regulatory system lost about $ 2 billion.

In addition, the outflow of russian specialists in the it sphere increases abroad. According to the teams, successfully implementing projects in the field of cryptocurrency and blockchain, arrived from russia.

The presidential disposal of the need to develop cryptocurrency legislation was received in october 2017, but was not fulfilled. The state duma adopted three bills on the regulation of the digital economy, but representatives of rakib believe that the documents need to be revisted.

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