ALMATY, Kazakhstan, June 25. Azerbaijan and
Russia have potential for cooperation in regulating
cryptocurrencies and digital currencies, Russian Deputy Finance
Minister Ivan Chebeskov told Trend on the sidelines of the Annual Meeting and
Business Forum of the Eurasian Development Bank (EDB) in
Almaty.
“We discussed with our partners the possibility of participating
in development institutions such as the EDB. We highly value the
potential of such cooperation both for the EDB and for integration
projects within our region. Therefore, we see strong prospects here
and will continue discussing this topic.
In addition, on the financial track, we see potential for
discussing a certain harmonization of approaches to the regulation
of digital financial assets and virtual assets,” Chebeskov
said.
According to him, the sector is developing very rapidly.
“In the Russian Federation, we have adopted legislation on
digital financial assets and virtual assets. The regulatory
framework is currently being implemented, and I hope that
legislation on digital currencies will be adopted during this
parliamentary session.
This is a comprehensive framework for regulating
cryptocurrencies and digital currencies, as well as creating
regulated intermediaries in this market. Therefore, I believe there
is room for further cooperation with our Azerbaijani colleagues,”
he added.
