Medvedev admitted the curvature of the regulatory processes in Russia

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Dmitry Medvedev Photo: Alexander Astafyev / RIA Novosti

Prime Minister of Russia Dmitry Medvedev said that strict regulation of some processes is not always helpful. The relevant observation he shared during the conference “the State and philanthropists together to a common goal”. His words leads RIA Novosti on Friday, June 8.

“Just, maybe, the lack of regulation in some cases where it is not contrary to the public interest, the interests of the state, security can help to ensure that many of the processes are informal, because when we’re trying to regulate, usually comes out crooked,” said Medvedev.

Thus he commented on the need for legislation to tighten control over the field of crowdfunding. According to the Prime Minister, “all sorts of newfangled regulatory ideas” seem to him “sometimes right, sometimes wrong”.

In turn, Deputy Prime Minister Tatiana Golikova said that the issue of simplification of audit for charitable organizations deserves attention.

For the first time about the need for the regulation of crowd investing and crowdfunding said the Central Bank in 2015. The regulator noted that special legislation is necessary to enhance market transparency and rapid response to unscrupulous practices.

Video, photo All from Russia.

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