Russia wants to make Bitcoin & co. jams recycled

Russian law makers want to make crypto systems in the future, as confiscated to the standard as traditional capital goods. Up to the 31. December 2021, aims to develop the Ministry of the interior, together with numerous state partner authorities prepared a relevant draft law. Before the decision on the legal Status of Bitcoin & co. in the largest country in the world is but still.

From Polina Khubbeeva
8. November 2019BTC $ 8,887.13 -3.89%part Facebook Twitter LinkedIn xing mail

Russia wants to tighten its legislation with a view to the confiscation of Bitcoin & co. The Russian interior Ministry is planning a law, which state officials access to ill-gotten crypto-freight allowed. According to a Report from the News page rbc.ru of 7. November, the Ministry of the interior prepared in cooperation with other authorities, the draft law until the end of the year 2021. The partners involved include the Ministry of the interior, the secret service, the FSB, and the Supreme court. The law is also part of a program to combat Cyber-crime.

Russia's unclear Bitcoin legislation is regulatory in the way

according to The Report, several obstacles are the Russian authorities in the formulation process of the law in the way. On the one hand, technical difficulties in the question of the access and the determination of the – often anonymous, and usually through the use of encryption protected assets is determined. But far more important is the fact that Bitcoin & co. in Russia have as yet no clear legal Status. Rather, they are hitherto in a legal grey zone.

So the Russian Parliament, the state Duma postponed a number of decisions on the admission of digital securities. The conceptual Definition of crypto-assets, such as securities, not yet. A few days ago, were rampant in the Russian media rumors of a draft law, which is the crypto-currencies in the country is prohibited. to allow

To the lawful confiscation of crypto-capital, Russia needs to recognise this, in turn, initially as a legal. As Konstantin Golikov, chief of the Online news platform dailyrich.ru suspected to rbs, the Russian Central Bank, contrary to the however, may. This put recently their plans for a crypto-ruble on ice cream. Furthermore, the authorities aim at, apparently, a close exchange with crypto-exchanges, in order to make crypto-systems to locate and freeze.

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the collected crypto-stocks finally in Fiat money, converting to the authorities in Russia may have its own Wallets, for Bitcoin & co. Only through these "public" accounts, the jams can be made graced assets are liquid, or at least in stable, value stocks are converted.

In any case, experts believe that the legal classification of international crypto-currency traffic is urgently needed. International guidelines for dealing with Bitcoin & co., such as, for example, of the G20 countries, could serve as a basis for regulation in Russia.

"key market" for international crypto-trade

Meanwhile, Russia is one of the most important trading markets in the world for Bitcoin & co. So Binance, CEO of Changpeng Zhao, for example, revealed recently that the country is among the Top 10 countries with the highest Trading frequency in the stock market. He even went so far as to describe Russia as a "key market". It was one of the most active markets in the global crypto-sphere.

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