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17 March 2021, 11:45

No consensus on harmonization of laws on cryptocurrencies in EAEU

MOSCOW, 17 March (BelTA) – The Eurasian Economic Union (EAEU) member states do not have a shared stance on the need to harmonize laws on cryptocurrencies, Aide to the Chairman of the Board of the Eurasian Economic Commission (EEC) Iya Malkina told a press briefing on 17 March answering a question whether the Eurasian Economic Commission received any proposals to implement some projects related to blockchain technology and cryptocurrencies and to synchronize respective laws, BelTA has learned.

“We receive such proposals every now and then, however at present the member states do not have a shared stance on the need to develop a uniform legal environment for digital assets, digital signs and cryptocurrencies in the union,” Iya Malkina said.

She noted that since December 2017, the EEC has been analyzing the impact of cryptocurrencies on the macroeconomic stability of the EAEU states as a whole. “We recommended developing a basic uniform regulatory framework within the EAEU with a single glossary and principles. However, this proposal did not find support,” Iya Malkina added.

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