Business programme

Blockchain, Cryptocurrencies and Mining: New Economic Challenges and Opportunities

Congress Centre, conference hall B2
Digitalization: The Law of the Future or the Future of the Law?
The international economic landscape shifted significantly in 2022. Sanctions have given rise to a host of restrictions regarding settlements under foreign trade contracts which employ traditional payment systems and tools. A need arose to diversify ways of making international settlements. One option in this regard is the use of cryptocurrencies. They are universal, well-known, and the infrastructure is in place to use it throughout the world. Many states are currently creating a regulatory environment to govern their use. However, it is currently not homogeneous in the least. In Russia, an industry based on the turnover of cryptocurrencies has taken shape. It encompasses investments, stock trading, cryptocurrency mining, and international settlements. Indeed, turnover of cryptocurrency among Russian users has reached significant figures. At the same time, uncertainty in how cryptocurrency will be regulated in the country has meant that foreign digital platforms are primarily used. Cryptocurrencies may still be exotic, but they are also understandable tools. This market, together with distributed ledgers used as their technological platform, have become interesting not only to enthusiasts, but also to institutional players, including Russian banks and exchanges. It is a market which is developing in tandem with related industries, including information technology – a field which enjoys priority government support. The development of the crypto market will not undermine, but rather expand and strengthen the financial sovereignty of the state. It is therefore important that instead of banning it, the government helps develop and foster it. What can be done to regulate cryptocurrencies in a consistent manner, with an emphasis on optionality? How can a balance be struck between the interests of the state and market players when it comes to government regulation of cryptocurrencies?


Sergey Mytenkov
Vice President, Russian Union of Industrialists and Entrepreneurs (RSPP)


Anatoly Aksakov
Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Financial Markets
Maksim Bashkatov
Head of Legal Development, Center for Strategic Research
Alexander Brazhnikov
Executive Director, Russian Association of the Crypto Industry and Blockworkers (RACIB)
Anton Gorelkin
Deputy Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Information Policy, Information Technologies and Communications (online)
Denis Iordanidi
General Director, Lighthouse
Dmitriy Kirillov
Counsel, Lidings Law Firm; Member of the Interdepartmental Working Group on Tax Incentives and Support for the Information Technology Industry, Ministry of Digital Development, Communications and Mass Media of the Russian Federation
Igor Runets
Founder, General Director, BitRiver
Ivan Chebeskov
Director of the Department of Financial Policy, Ministry of Finance of the Russian Federation (online)