The Finance Ministry published a draft law on the regulation of digital assets
The Finance Ministry published a draft law on the regulation of digital assets in Russia, which gave a definition of cryptocurrency token, mining and ICO (the procedure of initial placement of tokens). Rules on the taxation of such assets in the draft law published on the Ministry website yet.
“Digital financial assets are not legal tender in the territory of the Russian Federation”, – stated in the bill.
According to the document, a cryptocurrency is a digital financial asset that is created and integrated into a distributed registry of digital transactions by participants in this registry in accordance with the rules of the register of digital transactions.
The bill sets the rules of issue of tokens – digital of financial assets that can be issued by legal persons or individual entrepreneurs for attracting financing.
According to the document, the token of a certain type can only be one Issuer. While the unskilled investors can purchase in one issue (ICO) tokens in the amount of not more than fifty thousand rubles.