Russian law enforcement agencies and the Federal Tax Service presented additions to the bill on the regulation of cryptocurrencies – Bits Media

FSB, Ministry of Internal Affairs, Rosfinmonitoring and the Federal Tax Service proposed changes to the bill of the Ministry of Finance on the regulation of cryptocurrencies in Russia. With some additions, the department agreed, And others rejected.

As reported by Izvestia, Federal Security Service of the Russian Federation (FSB) suggested to prescribe the norm in the law, according to which cryptocurrency exchanges and wallets, working with Russian users, will provide information to law enforcement agencies along with the courts. The security forces also noted, what needs to be coordinated by storage and protection of information on the circulation of digital assets.

Representatives of the Ministry of the Interior of the Russian Federation (Ministry of Internal Affairs) expressed concern about the insufficient clarity of the process of arrest cryptocurrencies - the document did not regulate the procedure for the work of cryptocurrency exchanges after receiving a court order to arrest assets. Also, the creation of a special wallet in the Ministry of Internal Affairs for storing confiscated assets and the storage process in the Ministry of Internal Affairs are not regulated.

Federal Tax Service of the Russian Federation (Federal Tax Service) considers, that you need to tighten the regulation of cryptocurrency exchanges and wallets, which do not have a license to work in the Russian Federation. Including, Such companies are invited to completely ban advertising in Russia.

The Ministry of Finance recognized the logic in the above additions. But the proposals for tightening cryptocurrency regulation, including mining, In the Ministry of Finance, they did not find a response. for instance, The FSB proposed to oblige miners to immediately transfer the received cryptocurrency to a licensed cryptocurrency exchange. However, the Ministry of Finance did not support the initiative.

Also, the department did not support the addition from the FSB, in which security forces proposed additionally regulate the activities of cryptocurrency wallets and mining bullets. The Ministry of Finance emphasized, that so far it is inappropriately excessive and detailed regulation of the market - this can scare away investors and customers.

The bill continues to be finalized and expected, that he will get to the State Duma already next month. Earlier, the Central Bank of the Russian Federation proposed to allow stock exchanges for organized bidding digital financial assets (CFA) and utilitarian digital rights (UCP).