Russian parliament sets up working group on cryptocurrency regulations - regulation
Russian parliament sets up working group on cryptocurrency regulations - regulation
in the state duma, the lower house of the Russian parliament, will soon meet a working group for cryptocurrencies and the associated activities. Its members are expected to clarify various regulatory aspects in connection with digital financial systems such as the legalization of mining and the introduction of taxation.
working group in the Russian parliament to close regulatory gaps in the crypto room
the Russian State duma now forms a working group of deputies that will deal with open questions about the regulation of decentralized digital currencies. The group will hold its first meetings in the near future, said the chairman of the Parliamentary Financial Market Committee, Anatoly Aksakov, Ria Novosti with.
The Duma spokesman Wjatscheslaw Wolodin proposed the establishment of the working group on November 11, reported the Russian Economic Non-Economy Agency Prime. Aksakov expressed his positive attitude to the move and added that the house is now gathering the members of the group.
The high -ranking legislator noticed that there were “gray areas” in terms of output, circulation, taxation and operation with cryptocurrencies. "All of this has to be discussed, analyzed, legally and normatively regulated. So in my opinion the decision [to create the working group] is correct," he commented and also explained:
Firstly I will participate in the work of the group and secondly I hope that we will find solutions.
So far, Russia has only partially regulated cryptocurrencies and associated activities with the law that came into force in January of this year. Various questions, for example whether cryptos can be used in payment transactions, remain unanswered. Bank of Russia, the consistently against it Bitcoin as a legal means of payment recently proposed the introduction of legal liability for certain operations with digital assets that it considers it illegal, in particular the use of Gelder set .
Mining cryptocurrencies is another area that requires attention. With its abundant and cheap energy, Russia has become an important goal for crypto-miner, but The government still has to regulate the sector. A growing number of civil servants in Moscow believes that the mining taxed. In September, Anatoly Aksakov shared the same opinion.
What proposals for the expansion of the Russian regulatory framework for cryptocurrencies do you expect from the working group in the Russian Parliament? Tell us in the comment area below.
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