The summit brought together more than 700 world-class professionals from 30 countries, including the USA, Canada, Switzerland, Great Britain, Belarus, Slovenia, Slovakia, Belgium, Israel, Austria, Ukraine, India, the Netherlands and others. The summit was attended by representatives of public authorities, representatives of blockchain technology market, funds, investment companies and banks.
The Advisor to the President of the Russian Federation Sergey Glazyev noted in his speech that the best effect from crypto community will be achieved by a state that will be the first to put into circulation a digital currency unit: ”This issue is so obvious that it does not even need to be offered – it is already a matter of concrete practical work. We see that banks, including Russian ones, have become very vulnerable as a result of the sanctions. The degree of dollarization of the world economy is so high that Americans can really block large segments of foreign trade with the help of their sanctions, and this certainly creates a new demand for cryptocurrencies. This applies not only to Russia, but also to all countries on which Americans impose sanctions.“
The Chairman of the State Duma Committee on the financial market Anatoly Aksakov said: ”We are not going to prevent mining – this is already an acknowledged activity. On the contrary, we are going to legislatively define what ‘mining’ is, to enable miners to register and officially carry out their activity.“
The Advisor to the President of the Russian Federation German Klimenko commented on the discussion of draft laws on the regulation of the cryptocurrency market, crypto investment and mining: ”The world summit of blockchain and cryptocurrency made it possible for us to exchange all the information and elaborations available to date with Russian colleagues and foreign experts. We discussed how to adopt common terms, what cryptocurrency is, and what blockchain is. Of all versions of the draft laws, the documents prepared by the Central Bank of the Russian Federation and the Russian Association of cryptocurrency and blockchain (RAKIB) are the most realistic and ready for serious discussion. In case of the first one, it is proposed to adopt a separate law, and the second one suggests amendments to the current legislation. Both documents regulate the market of crowd-investing. It is rather a matter of taste preferences, and there is no doubt that in the near future we will see a common document of the industry and the Central Bank with a high chance of discussion in the State Duma of the Russian Federation.“