Aksakov expects tightening of crypto regulation in Russia

Aksakov expects tightening of crypto regulation in Russia
CONTENT

  • In Russia, a deterioration in the turnover of cryptocurrencies is expected

  • Taxation of digital asset holders to be strengthened worldwide

  • The Ministry of Finance of the Russian Federation insists on tougher responsibility for non-declaration

International consortium of news organizations developing transparency standards.

Chairman of the State Duma Committee on the Financial Market Predicts Strengthening Control over Cryptocurrency Holders

Aksakov expects tightening of crypto regulation in Russia

In Russia, tightening of cryptocurrency regulation is expected. Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, said this in an interview with “Moscow Says”.

Join our telegram channel to keep abreast of the main trends in the crypto market.

According to Aksakov, in 2021, control over the owners of cryptocurrency assets will only tighten, since the relevant issue has already been raised in the government..

When exactly control over the crypto market can be strengthened, Aksakov did not specify.

Russia is heading for toughening

According to Aksakov, harsh taxation will “in fact” be implemented in all countries this year:

“It is obvious that in the near future, I think, even in the current year 2021, the issue will be taken under strict regulation in virtually all countries.”.

 With the adoption at the legislative level of taxation and mandatory declaration of cryptocurrencies, there will only be more and more control over the owners of such assets, notes Aksakov.

Aksakov expects tightening of crypto regulation in Russia

Learn how to trade in the cryptocurrency market with BeInCrypto partner, StormGain cryptocurrency exchange

Also, the head of the financial market committee once again recalled that bitcoin and other cryptocurrencies are not legal tender in the Russian Federation in accordance with the law “On digital financial assets” and are unlikely to become such in the future..

“Nothing foreshadows changes in legislation towards the recognition of cryptocurrencies as a means of payment in Russia,” he said..

Recall that the Ministry of Finance of the Russian Federation proposed to punish a criminal article up to three years in prison for failing to declare a cryptocurrency wallet with a turnover of over RUB 1 million per year. Later, Deputy Minister of Finance of the Russian Federation Alexei Moiseev said that the department insists on criminal liability due to the frequent use of digital assets in illegal activities.

Earlier, the editorial staff of BeInCrypto reported that according to the new decree of the President of the Russian Federation, all Russian officials from January 1, 2021 are required to provide information on income in digital financial assets.

What do you think? Share your thoughts with us in the comments and join the discussion in our Telegram channel.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles