Of prepared for the second hearing in the state Duma the draft law “On digital of financial assets”, removed the concept of “mining” and “cryptocurrency”, despite the fact that in an earlier version of the document under the mining understand mining cryptocurrency, which is a kind of digital asset.
Now mining is considered as an issue of the Russian or foreign legal entities and individual entrepreneurs tokens for investment in capital. Notably, the production of tokens must be secured by the property of the Issuer or a third party and be accompanied by the preparation of a special decision on the issue.
The location for the digital of financial assets, the new document will be obliged to obtain a license of thepromember of the securities market, to identify and keep track of customers and provide access to these data on request of state agencies or the bankruptcy Trustee. In addition, the exchange will be entered in a special register of the Central Bank. Responsible for the transaction for the sale of the operator to exchange digital assets in rubles, foreign currency or other tokens will determine separately.
However, miners of the CFA will apply to existing fiscal rules. And is a CFA will need to specify the level of risk and limit the amount by which the assets will be able to buy unqualified investors.
The head of company Sputnik DLT Artem Tolkachev, who when the bill acted as an expert from kriptonyte, explained that using tokens it will be possible to confirm the rights to property and participation in the company’s capital or to use them technically in the buying and handling of digital assets. Thus, the question of legalization of cryptocurrencies in the Russian Federation is actually delayed.
According to the President of the Russian Association of kryptonyte and blockchain Yuri Pripachkin, the document will be further revised and RAKIB proposed changes in the latest version, which should soften the frame, potentially threatening the care of small and medium business in other jurisdictions.
We will remind that the Ministry of Finance of the Russian Federation the draft law “On digital of financial assets” was submitted to the state Duma in March and in late may passed its first reading. In June, contrary to the position of the Ministry of Finance in draft legislation for regulation of cryptocurrency market in the Russian state Duma has replaced the concept of “digital money” and “digital currency” “digital rights”.
Recently, the special representative of the President of the Russian Federation at digital and technological development Dmitry Peskov said that the issue and circulation of cryptocurrencies in Russia is not expected to solve because of the risk of occurrence of financial pyramids. Earlier he said that Russia should not be the first cryptocurrency to gain the opportunity to learn from the mistakes of others.
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