The Central Bank of the Russian Federation Proposed to Introduce Liability for the Illegal Circulation of DFA

The Central Bank of the Russian Federation recommends introducing liability for illegal circulation of digital financial assets (DFA) and establishing a taxation procedure for transactions with them.

According to the document published on the regulator’s website, the procedure for taxation of transactions with utilitarian digital rights and digital financial assets will be established at the legislative level, as well as liability for illegal circulation of digital assets will be introduced.

The Central Bank of the Russian Federation recalled that it continues to develop the digital ruble, but this will require changes to a number of legislative acts.

In addition, the Bank of Russia plans to attract depositories to digital assets and digital rights by issuing appropriate receipts, which will be issued each time a request is received from the holders of the digital assets and digital rights.

Earlier, the UN Special Committee received a Russian draft convention in which cryptocurrencies are equated to the weapons of cybercriminals.

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