Key discussion topics include development within the Eurasian Economic Commission (EEC) and the role of the AIFC, as well as the impact of blockchain technologies and crypto-currencies on the implementation of the coordinated macroeconomic policy and the formation of a Common financial market within the Eurasian Economic Union (EAEU) framework.
The 2018–2019 period is expected to be an era of the implementation of blockchain technology and the development of cryptocurrency regulation when we will observe how different countries shall introduce legislative regulation on turnover, investment, and cryptocurrency trading; including ICO, cryptocurrency exchanges, and its taxation; the creation of a legislation framework for blockchain projects.
The blockchain technology development and cryptocurrency agenda is an important issue for the member states of the EAEU and EEC. The objectives to create a common financial market and implement the digital agenda by 2025 within the EAEU framework are being performed. In addition, the wide use of cryptocurrency is likely to influence the monetary conditions and the macroeconomic stability in the EAEU countries and the EAEU as a whole.
At year-end 2017, the EEC started a series of events in the EAEU countries to discuss the essence of the new phenomenon of cryptocurrency and blockchain technologies, its impact on the macroeconomic stability of the member states, and the opportunity to develop the common regulation approaches for cryptocurrency on the territory of the EAEU.