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The Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, submitted to the lower house of parliament a bill on punishment for issuing digital assets without the permission of the regulator.
It is proposed to install administrativeliability, that is, fines for violations of digital rights. For individuals, the fine will be from 3,000 to 5,000 rubles; for officials - from 20,000 to 30,000 rubles; for legal entities - from 700,000 to 1 million rubles.
The draft law specifies whatunlicensed release of digital assets; persons carrying out commercial activities without forming a legal entity bear administrative liability as legal entities. Failure to comply with the requirements of the law on digital rights when carrying out transactions with cryptocurrencies entails similar fines for citizens and officials, and the fine for legal entities will range from 500,000 to 700,000 rubles.
Statute of limitations for bringing administrative chargesliability will be one year from the date of commission of the offense. The draft law received the support of the government of the Russian Federation, but with the condition that the document be finalized. According to the Cabinet of Ministers, the draft in its current form may lead to contradictions in judicial practice and create opportunities for ambiguous interpretation.
In May, the chairman of the State Duma Committee onfinancial market Anatoly Aksakov suggested that the first digital financial assets could be issued in Russia by the end of the year. In March, the Bank of Russia included Sberbank in the register of DFA operators. Now legal entities will be able to issue digital financial instruments on the Sber blockchain platform, as well as make other transactions permitted by law.
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