Deputies of the Russian State Duma adopted in the second reading amendments to the Civil Code of the Russian Federation on digital rights, by which the authors of the bill, headed by the speaker of the lower house, Vyacheslav Volodin, intended to consolidate the concept of digital rights and form the basis for the development of the digital economy.
“New technologies are being actively introduced into economic life both in our country and abroad, but legal protection issues remained unresolved. After the adoption of the law, citizens and legal entities will receive additional guarantees, allowing them to participate more actively in the development of the economy of the future, ”the head of the author group said.
The amendments provide for the introduction of a new article in the Civil Code of the Russian Federation – 141.1 “Digital rights”. This term means special:
“Obligations and other rights, the content and conditions for the implementation of which are determined in accordance with the rules of the information system that meets the statutory criteria. Implementation, disposal, including transfer, pledge, encumbrance of a digital right by other means or restriction of disposal of digital law are possible only in the information system without recourse to a third party. ”
In addition, the expression of will using electronic or other technical means, for example, by filling out an electronic form or sending an SMS, is supposed to be equated to a simple written transaction, and the use of smart contracts is considered a condition for the automatic execution of any civil-law contract.
At the same time, according to the head of the relevant committee on state construction and legislation, Pavel Krasheninnikov, the provisions on cryptocurrency were excluded from the bill, since “their introduction into civilian circulation is premature, but taking into account technical progress, it may become possible over time”.
Recall that a week ago, Vladimir Putin ordered the State Duma and the government of the Russian Federation to adopt laws before July 1 aimed at developing the digital economy, including the law on the regulation of digital assets.
The draft law “On digital financial assets” was submitted to the State Duma on March 20 last year, but after the adoption of the document on first reading the concepts of “digital money” and “digital currencies” were replaced with “digital rights”, and the terms “mining” and “cryptocurrency” excluded .
Publication date 06/03/2019
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