Experts will discuss cryptocurrency at 2019 Gaidar Forum at RANEPA

The use of cryptocurrency and token release, as well as the problems of regulating this sphere, will be addressed during the Gaidar Forum, which will be held on January 15-17, 2019.

On the second day of the forum, January 16, experts will have a discussion, Does Russia Need a Special Way in Cryptoeconomics? Cryptocurrency regulation and token release have been developing worldwide for more than five years. Over this time, many OECD countries have formed a basic legal framework for the operation of companies working with cryptoassets. International organizations and countries outline four public risks of using digital financial assets and close the door for them: money laundering and financing of terrorism, base erosion, consumer protection level, and violation of securities laws.

The EAEU countries demonstrate different approaches to this issue. However, the need to harmonize the principles of regulation of cryptoeconomics in Russia and the Eurasian Union member countries with international approaches is already overdue. The participantswill discuss initiatives for legislative regulation of cryptoeconomics in the Eurasian Union and the world, and proposals for the EAEU.

The discussion will be attended by Deputy Finance Minister Alexei Moiseyev, Chairman of the State Duma Financial Market Committee Anatoly Aksakov, Deputy Head of the Federal Tax Service Alexei Overchuk, First Deputy Chairman of the Central Bank of the Russian Federation Olga Skorobogatova, EAEU Integration Minister Tatyana Valovaya, Deputy Director of Finmonitoring Pavel Livadny, OECD cryptoeconomics regulation expert Iota Nassr and Director of the Research Institute of the Ministry of Finance Vladimir Nazarov. The session will be moderated by Antonina Levashenko, Head of the RANEPA Center of Competence and Analysis of OECD Standards.

On the same day, the Gaidar Forum experts, including Deputy Finance Minister Alexei Moiseyev, member of the Central Bank’s Research and Forecast Department Alexei Kiselyov, Advisor to the Central Bank of Sweden Reimo Juks, Managing Director of BankEx Blockchain Platform Konstantinn Kurbatov and RANEPA research fellows, will discuss cryptocurrency at the session Cryptocurrencies: What does Economic Theory Say?

Alongside the active development of the crypto currency markets in the modern economy, this new kind of currency draws the attention of the scientific community. The main issues discussed in scientific publications are the problem of identifying the essence of crypto currencies and their legal regulation, the competition between state-issued currencies and crypto currencies, the possibilities of using traditional monetary and fiscal theoretic models to define the crypto currency exchange rates, and the prospects and consequences of using digital currencies by monetary authorities. Besides, many central banks start considering the prospects and consequences of issuing their own crypto currencies.

The participants will discuss the nature and role of cryptocurrencies in the modern economy; their impact on monetary policy; the prospects for the development of cryptocurrencies of central banks; the blockchain technology and the issue of cryptocurrencies. Pavel Trunin, Leading Researcher at RANEPA Center for Macroeconomic Research will moderate the discussion; Yelena Sinelnikova, Senior Researcher at RANEPA Center for Research of Problems of Central Banks, will make a keynote report. 

10th Gaidar Forum Organizers:

The Russian Presidential Academy of National Economy and Public Administration (RANEPA);
The Gaidar Institute for Economic Policy (Gaidar Institute);
The Association of Innovative Regions of Russia (AIRR).

The general information partners of the Gaidar Forum include the Rossiya 24 TV channel, Forbes global media company, RBC and TASS news agencies. The official information agency is Rossiya Segodnya. The general radio partner is Business FM. The strategic information partners are Kommersant Publishers, the RT TV channel, Interfax and Gazeta.RU. The main information partners are Profil weekly, FederalPress news agency, and Invest Foresight online magazine. The international information partners are Sputnik and Cision. Other media partners include PRIME news agency, Rossiyskaya Gazeta, RNS news agency, Radio Ekho Moskvy, News.Ru, Polit.ru, Parlamentskaya Gazeta, the PRO BUSINESS TV channel, Strategia magazine, AK&M, BRICS, Ekonomika i Zhizn weekly, National Banking Journal, Expert Tatarstan magazine, the Smart Country information platform, Financial One, Naans Media, and the Public Administration scientific political journal.

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