The State Duma will consider the bill on the fines for the illegal issue of digital assets – Bits Media

The chairman of the State Duma Committee on the Financial Market Anatoly Aksakov introduced a bill on punishment for the release of digital assets without the permission of the regulator to the lower house of parliament.

It is proposed to establish administrative responsibility, That is, fines for Disorders in 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 is specified, what the unlicensed issue of the digital assets of the face, carrying out commercial activities without the formation of a legal entity, bring administrative liability as legal entities. Non -compliance with the requirements of the law on digital rights in the implementation of transactions with cryptocurrencies entails similar fines for citizens and officials, And the penalty for legal entities will be from 500 000 to 700 000 rubles.

The statute of limitations for administrative responsibility will be one year from the date of the offense. The draft law received the support of the Government of the Russian Federation, But with the condition of the finalization of the document. According to the Cabinet of Ministers, The project in the current form can lead to contradictions in judicial practice and create the possibilities of ambiguous interpretation.

In May, the chairman of the State Duma Committee on the Financial Market Anatoly Aksakov suggested, that the first digital financial assets can be released in Russia by the end of the year. In March, the Bank of Russia included Sberbank in the register of TSF operators. Now legal entities will be able to release the CFP on the blockchain platform of Sberbank, and also make other transactions, allowed by law.