From the law on digital assets disappeared, the concept of cryptocurrency. And mining is messed up with an ICO

In the new edition of the law “On digital of financial assets”, prepared for the second reading in the state Duma, there is no concept of “cryptocurrency”. Mining is also defined as a token issue to attract investment. About it write “news”.

In the last edition of the law under the mining were understood to mining cryptocurrencies and cryptocurrency has been designated as an asset in digital form. Now a group of MPs led by head of Committee for financial market Anatoly Aksakov seems to be all mixed up ā€” issue tokens with the aim of raising funds ā€” ICO, and not mining.

Regulation of cryptocurrency in Russia

According to the new version of the document, these tokens will confirm the right to participate in the company’s capital by analogy with the ordinary shares. The release of the token can carry out both Russian and foreign businessmen ā€” but they will need to obtain the permission of the Central Bank.

Trade tokens can only be on the exchanges included in the registry of the Central Bank, and only to registered users. The news said the source of the journalists in the working group on the bill.

The latest version of the document does not answer the question, when will be legalized cryptocurrencies in Russia. The government is trying to level the risks associated with cryptocurrencies, but it leaves market opportunities for development. This calls into question the translation of cryptobiosis in Russia and its legalization here.

Earlier Aksakov said about the postponement of consideration of draft law “On digital of financial assets” from may to September. According to the Deputy, the decision was due to the complexity of the topic.

When bitcoin legalized in Russia? Waiting for your comments in our cryptodata.


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