Russian investors have to pass exams before buying cryptocurrencies, proposes to the law - regulation
Russian investors have to pass exams before buying cryptocurrencies, proposes to the law - regulation
A new Russian law could oblige potential crypto investors to complete a test before you can buy digital assets above a certain limit. The authors also hope to regulate the digging of cryptocurrencies and to prevent access to cheap energy for those who shape coins in their houses.
draft law for the introduction of a "strict regulation" in the crypto industry, strict requirements for investors
The Russian legislature works on a law to close regulatory gaps in the crypto room. The legislator can introduce special exams for Investors with want to buy an annual total value of more than 600,000 rubles ($ 7,700). One of his supporters, the deputy chairman of the parliamentary committee for security and corruption fighting, Andrey Lugovoy, told the daily newspaper Izvestia that the new law is about a "strict regulation" of the sector.
The draft law is expected to be brought into the state duma during the spring session of the Parliament's lower house, the MP stated. Before that, it is discussed with relevant ministries, law enforcement authorities and market participants. All changes are approved by a working group, which is composed of members of the Duma and representatives of government institutions, including the central bank of Russia.
The currency authority has argued with other regulatory authorities about their hard attitude towards cryptocurrencies. In a recently published Consultation papier , the bank of Russia suggested A far-reaching ban on crypto-related activities such as emission, trade and mining failed to support the support of the executive and the legislative in Moscow.
New law to regulate crypto mining and exchange
Andrey Lugovoy also announced that the upcoming law will try to regulate mining cryptocurrencies that are expanding in Russia, especially after the hard procedure against industry in China. In addition to companies, simple people have also found an additional source of income in high -energy regions by using subsidized electricity with crypto farms that are operated in cellars and garages.
The electricity tariffs for these miners should be the same as for companies, said the legislator of the publication and insisted that " Garage Mining "with a cheap budgetary current should be stopped. The Federal Government made one step in this direction at the end of December allow regional authorities that allow electricity tariffs for residential areas Increase if the consumption exceeds a certain threshold.
Planning the authors of the draft law to clearly define which companies can work with cryptocurrencies. This includes authorized banks if you receive a special license, crypto bonds and other digital money exchanger . Abroad resident crypto trading platforms that want to be active in the Russian Federation are subject to a "special" registration system, Lugovoy noticed without further appeal.
What do you think of the crypto regulations discussed in the Russian parliament? Tell us in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wikicommons