Market news | The Ministry of Finance finalized the bill on mining and circulation of digital assets — Kommersant

The bill on regulating the circulation of digital currencies in Russia, finalized by the Ministry of Finance, contains detailedregulatory framework and for the first time touches upon in detailmining. The concept of professional and non-professional acquirers is introduced, as well as the obligation to test. Experts believe that the document opens up new opportunities for miners who need to get out of the gray zone. However, investors, on the contrary, can be “driven to the black market”, and the requirements for trading operators look excessive.

According to the draft law, digital currency canbe accepted “as a means of payment that is not a monetary unit of the Russian Federation”, as well as as an investment, while there must be no obligated person in relation to it.

The bill establishes quite stringent requirements for both operators.

It will be impossible to sell or buy digital currencies without passing identification. The operator will be able to deposit and withdraw fiat currencies only through banks using a bank account.

For the first time, the draft law considers in detail the mining process that can be carried out by legal entities and individual entrepreneurs after being included in the relevant register.

Cryptocurrencies have painted the turnover - Newspaper Kommersant No. 66 (7267) dated 04/15/2022 (kommersant.ru)