Shuvalov: cryptool must exist to “hide in the trunk” this theme will not succeed

MOSCOW, August 23. /TASS/. First Deputy Prime Minister Igor Shuvalov believes that Russia should appear national cryptocurrency and to get away from this topic will not succeed. He said this in an interview with RBC.

“I am a supporter of cryptocurrency, I believe that scriptural must exist. Cryptocurrency “hide in the trunk” will not succeed, this theme will develop,” – said Shuvalov.

In his opinion, this development should strengthen the Russian economy, and not to expose it to shock. “This is a complex topic. When we conducted a working group (which includes representatives of the government, Central Bank, FSB and Vnesheconombank – approx. The TASS) on the blockchain, we agreed that we will work carefully, but do not stretch. The FSB is working actively at the international level and is involved in the security issues worked out from the very beginning”, – said the first Deputy Prime Minister.

The draft law on circulation of cryptocurrency in Russia can be introduced in the state Duma in September 2017. Until that time, the Ministry of Finance plans to finalize their proposals, one of which will become mandatory identification of buyers of electronic money.

The head of the Central Bank Elvira Nabiullina said that the regulator intends to examine thoroughly the principles of the cryptocurrency and then introduce their regulation.

In addition, the Central Bank has already announced plans to create in Russia the national currency. Pilot projects the Bank of Russia will implement in cooperation with financial market participants and the Association “FINTECH”, the first results can appear within two to three years.

The early legalization and the beginning of the regulation of cryptocurrencies has been expressed earlier, the head of Sberbank German Gref.