The State Duma is offered to adjust NFT turnover – Bits Media

The State Duma of the Russian Federation on Information Policy is considered, that in Russian legislation it is necessary to consolidate the concept of NFT and extend to the marketplaces of non-replaced tokens the action of the Law "On Living" of foreign IT companies.

About the need regulation of the turnover of such tokens with the consolidation of the legal wording of the concept of NFT in the legislation, The member of the Committee Anton Gorelkin said in the telegram channel.

Now the concept of NFT, According to the politician, does not have a specific definition and can be interpreted too widely, Combining the extensive spectrum of heterogeneous assets and taking into account only “specific quality characteristics”.

The current NFT status is formulated exclusively by the rules of issuers and platforms-marketplaces, And the owners of such tokens do not receive sufficient protection from the attacks of scammers, The parliamentarian is experiencing.

With the position of the deputy, the founder of the NFT Academy is Solidar, which believes, that incorrect tokens need legislative certainty, Especially those, which "fit the criteria of digital art":

“You need to create a service for verification of art objects, which would work with any NFT market for-this will help to fight scammers ".

The largest NFT markets can fall under the provisions of the Law "On the Activities of Foreign Persons in the Information and Telecommunication Internet in the Russian Federation" (No. 236-FZ). That is, they will be obliged to open their representative offices in the country.

For violation of the law, IT companies are threatened with multimillion-dollar fines, Advertising ban, restriction of payments from Russians, Search issue ban, Prohibition on the collection and transfer of personal data abroad, Partial or complete blocking of the Internet site.

In India s 1 April gathered
introduce tax on trade operations with cryptocurrency and NFT in the amount 30% from the volume of the transaction.