Crypt in Russia will soon be in trouble

Crypt in Russia will soon be in trouble

Crypt in Russia will soon be in trouble – One of the largest cryptocurrency exchanges, Binance, announced on Friday that Roskomnadzor had notified it the day before that it had been listed as banned sites. This information is not yet available on the website of the supervisory authority.

The reason for the ban, allegedly, is the presence on the exchange portal of information that is prohibited from distribution in Russia. As a representative of the company told RBC-Crypto, it is about the possibility of purchasing electronic cryptocurrency (Bitcoin).

Meanwhile, the acquisition of cryptocurrency in the country is not yet prohibited. According to the law “On digital assets” it is prohibited to use it as a means of payment (although digital currency is recognized as a means of payment). Moreover, the law allows for the possibility of organizing a platform for the exchange of cryptocurrencies on the territory of Russia, although the existing crypto-exchanges do not fall under its effect at all.

In addition, the law will only come into force on January 1, 2021.

Binance notes that it has not received notifications from law enforcement and civil government agencies, as well as from the judiciary about the existence of claims or court decisions. The site is not blocked and continues to work.

On August 26, Roskomnadzor blocked the site-aggregator of cryptocurrency exchangers for the third time. However, then the department referred precisely to the presence of a proposal to purchase goods for bitcoins, that is, to the use of cryptocurrency as a means of payment, which is prohibited by the law on the CFA.

In the near future, the authorities plan to settle the issues related to the circulation of cryptocurrencies in Russia that remain outside the scope of the law on the CFA.

Anatoly Aksakov, head of the State Duma Committee on the Financial Market, told RBC-Crypto that a decision on amendments to the law on digital financial assets regarding the regulation of cryptocurrencies would be made in about a month.

“We adopted the law on CFA, it creates an opportunity for active use, including crypto-instruments, stablecoins, smart contracts. At the same time, I would now limit everything related to cryptocurrencies. This market is hardly possible to regulate, in principle it is impossible, “- the agency quotes the head of the committee, adding that he considers it necessary to” block “everything related to cryptocurrencies.

In particular, lawmakers continue to discuss the Finance Ministry's proposal to ban any transactions with cryptocurrency, except for three cases: inheritance, bankruptcy and enforcement proceedings.

On Thursday it became known that the Ministry of Finance has prepared a new version of the bills regulating cryptocurrencies. Among the innovations is a proposal to oblige citizens to report their crypto wallets to the tax authorities if the amount of digital currency receipts for a calendar year exceeds 100 thousand rubles.

Withholding information about a wallet, if more than 1 million rubles have passed through it in a year, becomes a criminal offense and can be punished by forced labor or imprisonment for up to three years.

The Ministry of Finance also considers it necessary to oblige crypto-exchangers to report to the tax authorities about transfers of funds and cryptocurrencies for transactions with Russian users. It is supposed to identify them by the payment details of bank cards and by the Russian IP-address.

It is proposed to recognize the commission of crimes using cryptocurrency as an aggravating circumstance.

The text was prepared by Alexandra Shnitnikova

Leave a Reply

Your email address will not be published. Required fields are marked *