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Russia Might Finally Adopt Crypto Law This Spring

07:47 Tuesday , January 14th 2020
Russia's State Duma (lower house of the parliament) might adopt the law on digital financial assets in the spring session, an official believes.
Companies cannot legally tokenize their assets at this point in Russia, though it had defined smart contracts in a recent "digital rights act."
However, the situation might improve soon as the country's lower house of the parliament is about to vote on the concept of digital financial assets. The new law can be adopted this spring, according to Anatoly Aksakov, chairman of the State Duma Committee on the financial market.
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