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Russia’s State Duma may approve virtual money ban in March-May 2015

September 12, 2014, 16:20 UTC+3 MOSCOW
The official added that Europe had adopted the similar concept, when the flow between virtual and real money systems is forbidden
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© EPA/JULIAN STRATENSCHULTE

MOSCOW, September 12. /ITAR-TASS/. The State Duma, the Russian parliament’s lower house, in March-May 2015 will likely approve a bill seeking to ban virtual money, Deputy Finance Minister Alexei Moiseyev told reporters Friday.

The bill is currently being discussed, and the law enforcement bodies have some comments.

“We will take the comments into consideration. But the ban’s concept will not be changed,” Moiseyev said.

The official added that Europe had adopted the similar concept, when the flow between virtual and real money systems is forbidden.

The central bank’s First Deputy Chairman Georgy Luntovsky said earlier that the regulator and the government may work out a set of rules for circulation of electronic currencies in Russia.

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