Alexey Moiseev: "The Federal Tax Service remains the most likely candidate to regulate cryptocurrencies" – Bits Media

Deputy Minister of Finance Alexei Moiseev told, that most likely the Federal Tax Service will become a cryptocurrency regulator in Russia and the “entrance window” for crypto -films and traders.

During the St. Petersburg International Law Forum Moiseev noted, that now in the State Duma three documents are being finalized at once to regulate digital assets in Russia. In one of the bills, it is assumed, that any department will be responsible for regulating crypto industries. And it is the Federal Tax Service that remains the most likely candidate.

“The issue is being discussed. In the concept, which we have developed, The supervisory authority will accept people's declarations about their "wallets" and transactions. Now, on foreign accounts, this is done by the Federal Tax Service. It is logical to assume, that the Federal Tax Service should be engaged in regulation ", - said the official in an interview with Izvestia.

Moiseev said about it, What approach will the regulator have to ordinary market participants. In the basic version of the legal entity and individuals will be able to extract cryptocurrencies, Store them or sell them on foreign sites. But buying cryptocurrencies and paying them will not be. All wallets will be registered, the operation will need to declare and pay income tax.

“Information about the wallet, transactions enters three organizations. First of all, This is the Federal Tax Service, which, Apparently, will be a window for citizen declarations. She is doing the same now on foreign accounts, And the wallet for cryptocurrency in this sense is no different. Secondly, Rosfinmonitoring, Since risks arise, related to laundering, etc.. Thirdly, Central Bank ", He said.

Previously about that, that the Federal Tax Service, probably, The head of the Expert Council in the working group on the issue of legislative regulation of cryptocurrency in the State Duma Andrei Lugova will regulate the cryptocurrencies in Russia..