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    Home » The Ministry of Finance of Russia may allow the purchase and sale of cryptocurrency in the new law

    The Ministry of Finance of Russia may allow the purchase and sale of cryptocurrency in the new law

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    By BlockchainJournal on June 23, 2019 News
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    Russian Ministry of Finance may allow the purchase and sale of cryptocurrency in the new law

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    The Ministry of Finance of the Russian Federation does not exclude that permission to buy and sell cryptocurrency on the territory of the country will be included in the law on digital financial assets. However, according to Deputy Finance Minister Alexei Moiseyev, the final decision on this issue has not yet been made.

    “In terms of cryptocurrency, the last question that remains is the question of determining how much cryptocurrency can be used. There range from prohibition to the possibility of purchase. As a foreign currency: you can buy and sell, but you can not pay. After the political decision on this issue is taken, we will have the responsibility , ”the deputy minister explained.

    The draft law on digital financial assets, in which the ban on the use of cryptocurrency as a means of payment in the Russian Federation was registered, was adopted by the State Duma in the first reading in May 2018. In preparation for the second reading, the definition of cryptocurrency was replaced with “digital operational signs”.

    The head of the Duma Financial Market Committee, Anatoly Aksakov, called the introduction of this concept a compromise solution and noted that according to FATF recommendations, Russia should adopt a bill on the circulation of cryptocurrency before the end of 2019, as this tool is also used to launder criminal proceeds. by.

    Later, the State Duma Committee on the Financial Market recommended the adoption of an amended version of the draft law on digital financial assets on second reading. According to the head of the committee, Anatoly Aksakov, during the work on the draft law, to the second reading , the concepts of cryptocurrency and tokens were excluded from it.

    In October 2018, it became known that Russia intends to synchronize the regulation of the country's crypto industry with the requirements of the FATF (Financial Action Task Force) commission. The relevant proposals were prepared by the State Duma in May of this year.

    Russian President Vladimir Putin has appointed a date by which laws to develop the digital economy must be passed, July 1, 2019.

    Publication date 23.06.2019
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