Russia's Attorney General wants to recognize cryptocurrency as a criminal property - regulation
Russia's Attorney General wants to recognize cryptocurrency as a criminal property - regulation
The Attorney General in Russia has proposed to define cryptocurrencies in the country's criminal code as property. Decentralized digital money has already been qualified in the provisions of several laws than such, although various aspects of cryptocurrencies have not yet been regulated.
public prosecutors in Russia draft a draft law to grant the property status of cryptocurrencies
The General Prosecutor's office The Russian federation has a bill to recognize cryptocurrency and other virtual assets as property . The legal definition is used in legal proceedings as part of the Criminal Code, said Russia Attorney General Igor Krasnov in the State Duma, the Lower House of Parliament.
Krasnov also commented on the increasing use of modern financial technologies for the inspection of criminal offenses, which in his view is facilitated by existing gaps in the legal regulation of this special area. Cited from the Interfax news agency, he continued:
The status of online platforms that offer the possibility of buying and selling cryptocurrencies anonymously has not yet been clarified, and the question of classification of virtual assets as ownership for the purpose of criminal proceedings has not been clarified.
The Attorney General announced that his department has already taken the initiative and worked out a draft law that would regulate the matter and added that he would be grateful if the legislator supports this. So far, digital currencies such as Bitcoin have been recognized as property in the context of several other Russian laws, including the laws on bankruptcy and enforcement procedures, as part of the anti-money laundering laws and the anti-corruption law.
In December last year, the Duma was submitted to a draft law that aims to define the digital currency as property for tax purposes. The draft law should introduce a legal obligation for Russian citizens to report cryptocurrency stocks in their tax returns, but the law has not yet been adopted, according to the report.
cryptocurrencies remain only partially regulated in the Russian Federation, mainly through the law "about digital financial investments", which came into force in January of this year. While it introduced terms and rules in relation to cryptocurrency and associated activities such as the "edition of digital currencies", it does not deal with other areas such as crypto mining or payments.
While the idea of recognizing the mining as an entrepreneurial activity is becoming increasingly important support Moscow remains the Bank of Russia Feste against the free circulation of To enable cryptocurrencies in the Russian economy. The head of the currency authority, Elvira Nabiullina, recently said that the digital ruble, which is currently under development, is what the Russian citizens actually need while, as they emphasized, rejecting risks for financial stability.
Do you believe that the Russian MPs will support the general prosecutor's proposal to define cryptocurrency as property according to the country's penalty code? Tell us in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons