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Chairman of the Russian State Duma mentioned draft laws on digital economy among spring session priorities

Chairman of the Russian State Duma Vyacheslav Volodin has opened the spring session by setting the elaboration of regulatory framework for the development of digital economy as one of the main priorities, as reported by RBC outlet.

While speaking at the opening of the spring parliamentary session, Volodin proposed the creation of expert working groups tasked with outlining a legal environment conductive to the development of digital economy:

“The establishment of a supportive legal environment for the development of digital economy should ensure our advantageous position in competition with other countries.”

Volodin specified that the spring session will see parliamentarians considering 20 draft laws related to digital economy.

“This comes with many responsibilities, first and foremost, on the part of our functional committees, all four of them. In this connection, I would like to ask the chairmans to coordinate their efforts in creating expert working groups from business and scientific communities, in order to get ready for the fulfillment of this demanding task,” – the official pointed out.

Head of the Russian Association of Blockchain and Cryptocurrency (RABAC) Yuri Pripachkin commented on Volodin’s speech, while stressing the general effectiveness of working groups:

“The past year 2018 clearly showed that only the cooperation between experts and practitioners can generate the laws that really work. It is precisely for this reason that expert groups were created not only in RABAC, which is the branch organization, but under the aegis of the RUIE [Russian Union of Industrialists and Entrepreneurs] as well. Too often, the results of such work are not being taken into account by officials and legislators. The creation of working groups will reduce the distance between practitioners and lawmakers.”

Back in November, the Head of the State Duma’s Committee for Financial Market Anatoly Aksakov announced the creation of a working group tasked with combating the laundering of proceeds of crime in crypto sphere.

Last month, the Russian State Duma decided to postpone the adoption of the draft law “On digital financial assets” till spring 2019.