Moscow, Russia - The Moscow Regional Branch of "Business Russia" hosted a roundtable discussion bringing together prominent legal and business professionals to delve into the complexities and future trajectory of digital currency in Russia and the broader CIS region. The event, organized by Sergey Gaevsky, managing partner of the law firm "Gaevsky and Partners," centered on the circulation and use of digital currency, with a particular focus on safeguarding the rights of digital financial asset (DFA) market participants.

A diverse panel of leading Russian experts in the field of digital assets and cryptocurrency participated in the discussion:

  • Oleg Ushakov: Founder of the law firm Sagrada Legal, holding the esteemed position of Chairman of the DFA Commission within the Russian Chamber of Commerce and Industry.
  • Alena Narinyani: CEO of the marketing agency "Crypto-A," a seasoned journalist, entrepreneur, and recognized expert in cryptocurrencies and blockchain technology.
  • Maria Agranovskaya: A distinguished lawyer affiliated with the Moscow Region Bar Association, she holds the position of Partner at "Granovskaya and Partners." She is also a prominent member of the Moscow Bar Association "GRAD," LLC "DFA Center," and the BRICS Business Council. Additionally, she serves as an expert on the RSPP Committee on Payments.
  • Vadim Konyushkevich: Managing partner of the law firm "VK Partners," a seasoned lawyer, and respected lecturer at the National Research University "Higher School of Economics" (Moscow).
  • Ekaterina Ledokol: Founder of the Global Vision Summit, a prominent figure within the Moscow Regional Branch of "Business Russia."
  • Georgy Lyamin: A specialist in crypto asset search and an assistant lawyer at "Gaevsky and Partners."
  • Alexey Artamonov: A leading expert on financial issues and analytics, holding a key position at the Center for Business Rehabilitation (CBR) within the Moscow Regional Branch of "Business Russia."

The event was expertly moderated by Evgeny Puchkarev, a lawyer affiliated with the Krasnoyarsk Bar Association and a leading legal expert at the CBR within the Moscow Regional Branch of "Business Russia."

The discussion began with a deep dive into the legal landscape surrounding digital currency in Russia. Participants explored the existing regulations governing digital currency in both the Russian Federation and the wider CIS region, examining the potential for future changes. They grappled with the complex legal framework for facilitating cryptocurrency transactions across international borders, seeking to understand how these regulations might evolve in the future.

The conversation then shifted to the rapidly evolving world of digital assets, with participants discussing the latest trends, emerging tools, and the focus of the BRICS Business Council in this area. They examined the potential impact of upcoming changes in the field of digital currency, including the regulation of mining and the introduction of new legal frameworks. This led to a lively debate regarding the benefits and drawbacks of these changes, with participants offering their perspectives on navigating this complex and rapidly shifting landscape.

The discussion also explored the challenges of identifying cryptocurrency wallets, recognizing the importance of ensuring security and transparency within the digital asset space. Participants shared insights into global practices for identifying and regulating digital currency, highlighting both the successes and challenges of these efforts.

Finally, the conversation turned to the evolving role of the judiciary in navigating digital asset disputes. Participants examined how courts are handling cases involving rights to digital assets, particularly in situations like bankruptcy proceedings. They discussed the complexities of addressing criminal activity involving digital currency, including theft, embezzlement, and illegal circulation, as well as the challenges of establishing clear ownership rights to cryptocurrency wallets. The evolving role of civil and arbitration processes in resolving digital asset disputes was also a topic of conversation.

This roundtable provided a valuable forum for experts to share their insights, discuss the challenges and opportunities presented by digital currency, and ultimately contribute to shaping a robust and secure regulatory environment for the burgeoning digital asset sector in Russia.