The head of the state Duma Committee on financial market Anatoly Aksakov explained that the concept of “cryptocurrency” has been removed from the draft law “On digital of financial assets” due to potential risks.

“With regard to bitcoins, esters and all other currencies. We decided not to prescribe what it is … because this phenomenon, which does not make sense for us from the point of view of the investment process. We understand that many wish we have this thing legalized. And perhaps legalized cryptostroma would become Fiat money. But we see risks in this,” — said Aksakov.

According to him, was also considered another option — to prescribe in the bill a direct ban on the purchase and use of CryptoStream. Then their definition could remain in the document.

The concept of “mining” and “crypto-currencies” has been removed from the draft law on regulation of digital of financial assets before the second reading. Then Aksakov explained this by the fact that cryptocurrencies, along with mining, waiting for a “bleak future” and “most likely they will leave the market”.

We will remind, earlier the President of the Russian Association of kryptonyte and blockchain (RAKIB) Yuri Pripachkin said that the state Duma a bill on digital of financial assets is the end cryptoeconomy in the country.