Law “On Digital Financial Assets” will be accepted as soon as possible

The government supported the idea of ​​speedy adoption of the bill on digital financial assets, writes TASSwith reference to the chairman of the Duma committee on the financial market Anatoly Aksakov.

Business asks to accelerate the adoption of the bill,explained Aksakov. The corresponding proposal was made at a meeting with the first deputy chairman of the Russian government Andrei Belousov on the problems of restoring incomes of the population and the economy.

At the same time, Aksakov noted that he proposed “divorcing” the two laws in relation to the timing of their adoption.

“The Digital Currency Act - it’s verydebatable, there are different points of view, and it is obvious that the bill requires serious discussion in order to be adopted later in the first reading. And the law on digital financial assets is ready for adoption, the positions are close there, and the business is asking for it to be adopted as soon as possible, therefore, such a proposal was received, its government supported ”- he said.

Earlier, Aksakov said that business,including the Russian Union of Industrialists and Entrepreneurs, supports the bill on digital financial assets, which will allow it to carry out the circulation of tangible assets using stablecoins.

“This will give a good impetus, according to the same businessmen, for the use of Russian legislation for the circulation of crypto tools”“He declared.

The Ministry of Justice of the Russian Federation points out the problems of the current edition of the bill on cryptocurrencies

The Ministry of Justice of the Russian Federation criticized the bill on cryptocurrencies. This is written by Izvestia with reference to the recall of Deputy Minister of Justice Denis Novak.

As Novak notes, the bill createsUncertainty regarding the sale of cryptocurrencies as part of enforcement proceedings, since their purchase in the Russian Federation is prohibited by a document. The situation is being considered when the bailiffs arrest the digital assets of the non-payer, but there will be no one to sell them. The deputy minister sees a possible solution to the problem in the definition of a state agency through which digital currency holders will be able to sell it abroad.

In addition, experts explain that Russianbailiffs have no experience selling digital assets in foreign jurisdictions, but the draft law in its current version leaves them no other choice. The question of registering an account on a crypto exchange also raises a question, since verification of it will require real person data, which entails the risk of losing control.

Novak also highlighted the paragraph of the bill onResponsibility for individuals for the illegal circulation of cryptocurrencies. Recall that the document involves a fine of up to 500,000 rubles, and for especially large damage - a prison term of up to seven years. According to the deputy minister, "it’s not always clear who exactly needs to be punished for administrative offenses, there are contradictions with industry legislation and inconsistencies between the requirements of documents."

Earlier, the Ministry of Economy criticized the bill.noting that the proposed measures create risks of the formation of an “uncontrolled black market.” The Ministry of Telecom and Mass Communications also sent its response, saying that along with cryptocurrencies, loyalty programs, crowdfunding and charity programs may be banned.

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