A group of Russian deputies headed by Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, submitted a draft of federal law on cryptocurrencies and Initial Coin Offerings (ICO) regulations to the State Duma, as reported in an official press release March 20.
According to the press release, the documents “On Digital Financial Assets” and “On Alternative Methods of Fundraising (Crowdfunding)” were prepared in accordance with the recent instructions from president Vladimir Putin, stating that cryptocurrency regulations will become law by July 1, 2018.
The bill “On Digital Financial Assets” was first introduced on Jan. 25 by the Russian Ministry of Finance. It defines cryptocurrencies and tokens as digital financial assets, allowing trading only via authorized cryptocurrency exchange operators, and establishing Know-Your-Customer (KYC) regulations for ICOs.
https://cointelegraph.com/news/russia-state-duma-considers-law-on-digital-financial-assets-echoes-us-regulations