Its purpose is to control cryptocurrencies, crypto mining and simultaneous initial coin offerings. This Russian government has published its official response to the Federal Law Number 419059-7 'Draft on Digital Financial Assets' on Saturday.

It wants to outline the legal framework for cryptocurrencies. This Russian government has officially provided a response to the bill and it’s in many blames. Its inadequacies were indicated, including unjust sanctions on Russian residents and its foreign investors.

Responsibilities for the Crypto Bill

Some amendments are suggested to them in the bill. In this government many of its responsible concerns were underlined. It defines digital financial assets including cryptocurrencies. This first change shows that it is related to Article 2 of bills.

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