Russian Parliament foresees a wave of token issuance for 2021 in the wake of crypto law promulgation

The head of the Russian parliamentary committee on financial markets and the country's first crypto law's author is forecasting a "surge in token issuance" for 2021 in the wake of the promulgation expected to take place in January.

​According to the Parliamentary Gazette, Anatoly Aksakov claimed that a "big number of large enterprises" had asked the State Duma (Russian Parliament) to pass the law as soon as possible. Also, he adds that such businesses plan to issue stablecoins.

The crypto law, "On Digital Financial Assets," is expected to be promulgated on January 1, 2021. Moreover, the report suggests that companies showing interest in crypto regulation are related to the financial sector. Many of them are also in the exploitation of minerals, who are looking to tokenize their processes.

But the lawmaker didn't only talk about the general status of the crypto law, as he referred to the digital ruble, stating that many parliamentarians are still discussing topics related to such digital asset: "From my point of view, digital ruble is one of the future forms of our ruble, and it should contribute to the development of the financial assets market."