The Ministry of Finance has finalized the bill on mining and circulation of digital assets – Bits Media

The Ministry of Finance of the Russian Federation took into account the proposals of relevant departments and finalized proposals for the law on mining and converting digital assets in the new version of the bill.

According to the publication "Kommersant", At his disposal was relevant on 15 april 2022 years version of the bill of the Ministry of Finance "On Digital Currency". The document fixes the terminology associated with digital currency, and also provides for the requirements for identification, accounting and certification when performing operations with digital assets.

Mining

In addition to regulating the turnover of digital currencies in Russia, The bill contains detailed regulatory provisions regarding cryptocurrency mining. The first edition of the bill, issued for the coordination of the government in mid -February this year, Supplements and criticisms from a number of "interested departments" were received, which the Ministry of Finance promised to take into account.

Earlier, the director of the Department of Financial Policy of the Ministry of Finance Alexei Yakovlev reported, that in the preparation of the new version of the law, the department focuses on the division of the bill, dedicated to the extraction of cryptocurrencies, especially on solving the problem of maximum economic expediency of mining.

Experts believe, that the updated document opens up new opportunities for miners, which need to exit the gray zone. Legal entities and individual entrepreneurs will be able to engage in mining, which will be included in the appropriate register. To carry out activities, they will be able to rent the capacities of Russian data processing centers. The procedure for taxing income from mining will be worked out separately.

Circulation of digital assets

According to the current version of the bill, Digital currency can be accepted "as a means of payment, not a monetary unit in the Russian Federation ", and also as investments, But at the same time, the obligated person should be absent in relation to her.

Performing operations with digital assets will be impossible without identification. The operator will be able to carry out the entry and withdrawal of fiat currency only through accounts, open in the authorized bank. In addition, The Ministry of Finance proposes to introduce the concept of professional and non -professional users, as well as the procedure for their testing.

Only Russian legal entities will be able to become an operator. Foreign cryptocurrencies for conducting activities in the territory of the Russian Federation will need to get a license of the regulator, as well as create an economic society registered in Russia, eg, in the form of AO or LLC. It is assumed, that one of these exchanges can be Binance, If "sanctions do not ban her work with the country as a whole".

The bill also introduces the requirements for the availability of own capital participants in the turnover of virtual currencies. For exchange operators, the minimum amount will be 30 Milly rubles, And for operators of the digital trading platform - 100 Milly rubles. The former will carry out the purchase and sale of the digital currency "on their own behalf and at their own expense by public announcement of prices", and the latter - to conduct organized trading.

Another term fixed in the bill is “electronic wallet of digital currencies”, which should be certified. According to experts, This provision is feasible only in the case, When "the certificate is issued when creating a wallet on popular resources".

Yesterday, the Russian government introduced a draft law on the features of the coverage of operations on the implementation of digital financial assets to the State Duma (CFA) Three types of taxes. The bill provides for amendments to the Tax Code, which clarify the taxation tax on income organizations, VAT and personal income tax operations with CFA. The bill also prescribes the procedure for calculating the tax base.