Russia’s State Duma expects explosion of crypto issuance in 2021

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Russia’s State Duma expects an explosion of cryptocurrencies in 2021

According to a senior official, the Russian government expects more cryptocurrencies to be issued in the local market by 2021.

Anatoly Aksakov, a member of the Russian State Duma and a key representative of the local crypto-legislative effort, said that the Duma’s Committee on Financial Markets expects that Russian cryptocurrency issuance will increase after adoption of the country’s new crypto law on January 1, 2020. Adopted in July 2020, the “On Digital Financial Assets” law gives crypto legal status, but prohibits people from using cryptocurrencies such as (BTC) as a payment tool.