Andrey Tugarin: "In the Russian Federation it will not be possible to create crypto -rhines and crypto exchangers" – Bits Media

Bill, Which yesterday, 17 November, A group of deputies brought to the State Duma, The legalization of mining is proposed as activities. But there are nuances.

Managing partner
GMT Legal Andrey Tugarin commented on the deputy initiative specifically for Bits.media:

IN legislation enshrines the concept of mining, It will be possible to minute as individuals, and legal. The authors even prescribed tax obligations, that has the opposite side - it will be possible to officially take into account the costs of miners - they waited a long time.

The project appears a completely new and unusual phrase "Prohibition of a sentence of digital currency in order to organize an appeal". In my opinion, This is the most motley part of the entire project. The wording clearly sends to the Bank of Russia and its position of “prohibitive policy” regarding the turnover and legal status of the crypt in the Russian Federation.

It means: It will not be possible to create crypto exchangers in the Russian Federation and cryptocurrencies in the Russian Federation using Russian information infrastructure. International sites remain in force, The ban does not apply to them.

Nothing significant has changed, All these prohibitions existed in Native form. Remember the methodological recommendations of the Central Bank and recognition of it, that all operations with digital currencies is a sign, testifying to laundering, obtained by criminal means, or about financing terrorism. Everyone kept these recommendations in the mind, And now they are displayed in the document. You can continue to work, Do not give in a panic.

So that the new norms act, There is still a lot to add, The bill will entail a lot of amendments, at least the introduction of an experimental legal regime. Actually the law will begin to work, According to my forecasts, two years later - with intensive work of the government.

About liability for violation of the provisions of the law in the text not a word: Not about the criminal, Not about administrative. Think, it will only be within the framework of the content restrictions, a la restrictions with alcohol advertising on federal television channels, On YouTube and so on.