The new set of measures in relevancy the event of “Russian offshores” can have an effect on digital assets, major Russian news agency TASS reported on Mar. 1.
The Russian Ministry of Economic Development is reportedly engaged on the third set of measures for the event of supposed “Russian offshores” — places wherever firms will legitimately be exempt from paying taxes or follow relaxed laws, — which is able to embrace a special regulation of digital assets and shipping.
Deputy Minister of Economic Development of Russia, Ilya Torosov reportedly told TASS that the special regulation of digital assets encompasses cryptocurrencies.
Torosov noted that “It is clear that this is often cryptocurrency, except for currently, we tend to square measure speaking a lot of typing. regarding the timeframe for implementing the third set of measures, I’m presently not able to offer a response.”
At the end of Feb, Russian President Putin ordered the government to enforce crypto-related regulation by Dominion Day, 2019. The directions need the legislation to incorporate a regulative framework for digital money assets, similarly as attract larger money resources supported digital technologies.
The Russian State Duma plans to review and adopt new cryptocurrency laws in March, whereas the previous Energy Minister Igor Yusufov is also proposing oil-backed crypto. Yusufov reportedly said that the introduction of a crypto settlement system on the energy market may scale back prices-related unbacked currencies and the fluctuations of their exchange rates.
In the meanwhile, Russian Minister of Justice Alexander Konovalov reportedly claimed that it’s too early to formalize crypto-related legislation. each the constitution and current financial set-up legislation in Russia “categorically prohibit” mistreatment cryptocurrencies as a way of payment, Konovalov argued.