The bill submitted by Anatoliy Aksakov to the Duma would ban the use of digital assets for payment for goods and services.
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- Yesterday was presented draft crypto law in Russia
- The bill prohibits the use of cryptocurrencies as a means of payment.
- Specifies the ruble as the sole currency
Russia has been characterized as a country with a position that has felt a bit a bit is a basic unit of information in computing. inconsistent regarding the legality of cryptocurrencies. Although there has been a preponderance of actions and statements against digital currencies Also recently, there has been talk of using crypto for international payments and also to circumvent international sanctions by using them, even though the Central Bank has said that this is impossible .
El mes pasado, el ministro de Comercio, Denis Manturov, assured that it is only a matter of time before Russia regulates the Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and the rest of cryptocurrencies as a form of payment within its financial system. Now, and following the tradition of contradictions, a bill seeks the opposite: to ban crypto as a means of payment.
Yesterday, Tuesday, June 7, Anatoliy Aksakov, head of the Financial Markets Committee of the lower house of the Russian parliament, the State Duma, introduced a draft law that would would prohibit the use of “digital financial assets” (DFAs) to pay for any goods or services. As specified in the project:
“The ruble is the official monetary unit (currency) of the Russian Federation. The aforementioned article establishes a prohibition against the introduction of other monetary units or monetary substitutes into the territory of the Russian Federation.”
More about the project
The bill No. 138674-8 “On amendments to certain legislative acts of the Russian Federation in terms of regulating the circulation of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. financial assets and digital utility rights”. refers to already existing legislation, which does not explicitly prohibit the use of digital assets as a method of payment, although de facto such transactions are not yet considered legal in the country.
The new document would make this ban official and force digital asset exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. administrators to withhold any deals involving the use of cryptocurrencies as a monetary substitute.
The bill also introduced the concept of a “electronic platform”. which is loosely defined as a financial platform, an investment platform a place to buy, sell and store cryptocurrency or an information system in which digital financial assets are issued. Electronic platforms would be recognized as subjects of the national payment system and would be obliged to report to the central bank registry. Each major transaction with digital currency, its issuance, circulation, exchange and trade, would have its own registry.
Other bills
Explains Cointelegraph existing law on Digital Financial Assets came into force in 2021. In May 2022, the tax amendments to digital assets passed the first reading in the State Duma. In a separate development, two other important bills continue their journey through the legislative process: a draft law on the taxation of digital assets and a bill on the taxation of digital assets. “About digital currency currency is a medium of exchange that defines value. “would define the regulatory framework for cryptocurrencies in general, while a draft bill would “On mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. in the Russian Federation”. should establish guidelines for miners.
Sources: Ruso Parliament , Cointelegraph , archivo
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