Within two weeks, digital assets and ICOs should obtain legal status and become regulated in Russia. Facebook’s new Libra currency, however, won’t be invited to the party.





The Russian State Duma is ready to adopt long-awaited legislation on digital assets within two weeks, the local media outlet Tass reports. Citing the Deputy Finance Minister Alexei Moiseev in a recent interview





“We discussed the bill and agreed on the final version of the text during a meeting last week. Fundamentally, everything is settled now. We are making the final revisions, and, hopefully, we’ll be ready to adopt it in the second reading within two weeks.”





The Duma will also adopt a separate bill that will regulate Initial Coin Offerings (ICO). This concept will become part of a broader law on alternative ways of raising funds by means of crowdfunding.

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