The Russian state Duma launched a tender for 7 million rubles for the study of the regulation of the blockchain

The state Duma intends to allocate more than 7 million rubles for the study of fundamental approaches to the legal regulation of technology of the blockchain for its use on the financial market. Applications for the tender are accepted until 10 April 2018. The results should be presented on 30 September 2018.

According to the specifications for the tender, the authors of future studies should prepare proposals for the creation of a single management strategy of the blockchain, taking into account international experience in this area.

Regulatory framework for the studies should be based on the main provisions of the existing laws in this area, taking into account the position of such organizations as the WTO, the UN, the Organization for economic cooperation and development, Group of development of financial measures of fight against money laundering, Europol, the British Commonwealth of Nations and others.

«Based on these data, the researcher must choose the most optimum for the Russian law approach to the regulation of the use of technology of the blockchain in financial markets».

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