Alexei Kudrin: 2-3 years remain to cryptocurrency regulation establishment in Russia
According to the presentation of ex-Prime Minister of Finance of the Russian Federation Alexei Kudrin at FinFair, the legislative framework of digital currencies will be established not earlier than in three years.
“I believe that the system of digital assets regulation will appear. However, it will take more than two-three years. Our country is not ready to provide a proper level of investors protection, that is why we cannot launch the turnover of such assets right now,” informs Alexei Kudrin.
Besides, he has also noted that the Russians are currently running a high risk by investing in cryptocurrencies and tokens with no state legislative support.
“These days, there exist more than six thousand different assets on the cryptocurrency market. Those who allocate investments in them are walking on thin ice. It is impossible to predict further changes on this market,” reports Alexei Kudrin.