Deputy Finance Minister Alexei Moiseev said that the circumvention of sanctions against Russia is not the purpose of the draft law on digital financial assets, but it creates opportunities to do so.

“Circumvention of sanctions is not the goal, but it is possible definitely. First of all you can talk about jurisdiction, which is difficult to raise funds. This Republic of Crimea in the first place and the city of Sevastopol. If someone wants to open a cafe, then man is hard to find cheap money and the organization of the ICO, in fact, close this issue”, — said Moiseev, the TV channel “Russia 24”.

Today the Russian state Duma has approved in the first reading a bill to regulate cryptocurrency, introduced in the lower house on March 20, the group of deputies headed by Anatoly Aksakov. As he previously said, the basis of the bill was a document published by the Ministry of Finance of the Russian Federation on January 25.

In an interview Alexey Moiseev said that the work on the draft law on the regulation of cryptocurrencies conducted by the Ministry since last summer.

We will remind that officially the decision to develop rules for the regulation of cryptocurrencies in Russia was made at the meeting with the President of Russia Vladimir Putin on 10 October.