The RUIE stands for Russian Union of Industrialists and Entrepreneurs. Their group of experts, dealing with digitalizing the country, have developed a draft bill and presented it during the Eastern Economic Forum.
The experts suggested Russian lawmakers divide virtual assets into three groups.
Group one: tokens, equal to securities or financial derivatives.
Group two: cryptocurrencies themselves.
Group three: nonfinancial assets that prove the conclusion of commercial contracts.
Curiously, a poll made by the RUIE among 600 Russian businesses has shown that most entrepreneurs have little knowledge and understanding of what a digital economy is. The head of RUIE believes that before implementing digital technologies on a wide scale people must become well aware of what this is all about.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team