Sergey Mendeleev: Foreign exchanges will almost certainly be blocked – Bits Media

The State Duma is going to adopt amendments to the law on digital assets in the first reading in December, which actually prohibit free circulation of cryptocurrencies in Russia.

The Duma Committee on the Financial Market on Friday, 25 November, completes the reception of reviews, proposals and comments K.
bill. Executive Director Indefi Bank Sergey Mendeleev counts, that in the current form “Aksakov’s amendments*” will lead to a complete restriction of access to crypto -rhizas and exchangers from the inside of Russia.

- How do you think, Why did you need to adopt amendments to the Law "On Digital Assets" right now and in this form?

- It's hard for me to say, Why right now. It looks all the more strange against the background of that, that literally on the eve of the introduction of the law on a complete ban on public turnover crypts people, Whose signatures are under the project, talked about the need to expand the domestic market. And immediately after the introduction of the neighboring Duma committee, he came up with the initiative to create a Russian crypto -country - which, obviously, It will be impossible in the case of the adoption of the "amendments of Aksakov" in the current form.

- What exactly threatens Russian exchanges, any trading platforms and crypto exchangers, If the law is adopted? Which threatens Russian clients of foreign venues?

- Russian exchanges and exchangers just, For obvious reasons, cease to exist. Even before, how the following logical step will be taken - the introduction of criminal liability for violation of the law. 171-the article of the Criminal Code of the Russian Federation for conducting illegal entrepreneurial activity no one has canceled. Foreign exchanges, most likely, They will simply be blocked by Roskomnadzor in the Russian segment of the Internet. But taking into account that, what now, because of the thoughtless policy of the authorities in blocking everything and the whole, VPN is on the phone of any housewife, think, Blocking will not affect users at all

- What can lead to the duty of miners to report to the Federal Tax Service? How exactly to understand the wording of the provision of the Central Bank of the "unique sequence of symbols"? What kind of tax will you have to pay miners?

- I suppose, It is better to ask these questions to the deputies themselves. Despite the legal education and rather deep knowledge in crypto industries, I do not know, what lies behind these formulations. It is quite obvious, that the authors do not even imagine, how mining works - and even more so mining pool. How all this will rake the Federal Tax Service, I don't even imagine. Especially in the absence of amendments to the Tax Code. Trite: Will the steamed VAT will be liable?.. How the cost of imported equipment will be taken into account, duties, electricity? At what bets will be considered income tax? And so on.

- What is and how the "experimental legal field" will be applied? How, In your opinion, Specially authorized state -owned state control over mining will work? What other normative acts should be waiting?

- These questions can be answered after the appearance of the experimental bill. So far it is only announced, but I don't know a single specialist from the field of crypt, who would take at least some participation in the development of the bill-which does not inspire hopes for a successful outcome.

- Waiting for mass emigration of miners and cryptocurrencies, If the State Duma with the Federation Council will be accepted, And the president will sign the amendments in their current form?

- No, I'm not waiting. All who wanted, We left for a long time. The rest will simply leave gray to the black zone - and all. Regulation by prohibition we have already passed with a casino. And what, They began to play less? No, Everything just went into underground katrans and the Internet. I personally know a bunch of people, playing poker in underground casinos in Moscow. With a crypt, it will be exactly the same. Mining farms are disguised as data centers, and exchangers will go to closed telegram groups. Revenues will only grow, Why leave such raspberries?

*The chairman of the State Duma Committee on the Financial Market Anatoly Aksakov is a headliner of a change in the current law on digital assets. The day after amending the parliament, the deputy directly said, that a complete ban on the turnover of cryptocurrency should come in the country with 1 February.