The Ministry of Finance of the Russian Federation has sent out to departments a new package of bills to regulate the circulation of cryptocurrency in Russia.This was reported on Thursday by the Kommersant newspaper, citing sources in two departments.
It is specified that a meeting to discuss a newversions of the bills are scheduled for next week. The projects are subject to adoption in connection with the entry into force of the law "On digital financial assets, digital currency ..." from January 1, 2021.
It is noted that in the current version, any person(physical or legal), which received digital currency or digital rights for more than 100 thousand rubles in a calendar year, is obliged to inform the tax authorities and submit an annual report on transactions with such assets and on the balances of these assets. Also, non-declaration of a crypto wallet if more than 1 million rubles have passed through it. per year, becomes a criminal offense up to THREE YEARS in prison. Forced labor can also be used as punishment.
As Kommersant reports, judging by previous letters from financial departments, the Ministry of Economic Development, the Ministry of Justice and the Ministry of Digital Development may advocate easing the bill.
The Ministry of Finance emphasizes that the finalThere are still no solutions to regulate digital currencies in principle. World practice and FATF recommendations offer two options - controlled circulation or a complete ban, both are discussed. The Central Bank and the Federal Tax Service did not respond to the newspaper’s request. Rosfinmonitoring supports part of the package of amendments that concerns the area of responsibility of the department. The Ministry of Digital Development, according to the newspaper, plans to formulate a position for the meeting in the Ministry of Finance. The Ministry of Justice confirmed to Kommersant that the proposed bills are under consideration. Finanz.ru
But I’m just wondering how they are going to monitor crypto wallets, because they are anonymous. As the legendary Lavrov will say - Morons b……
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