The document represents amendments to the current laws “On currency regulation and exchange control” and “On digital financial assets, digital currency.”
Amendments were prepared for the second reading that will allow Russian businesses to pay partners using digital rights.
When the bill comes into force after approval by the Federation Council and signing by the President, transactions with CFA between a tax resident of the Russian Federation and a non-resident, and even between non-residents, will be recognized as legal currency transactions.
The Bank of Russia is given the authority to set the conditions for certain currency transactions with digital assets and prohibit their execution. It will also have the right to request information about the beneficiaries from the person who issued the digital financial assets or the operator of the issue.
Earlier, the Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, said that the St. Petersburg Exchange may soon begin working with cryptocurrencies and digital financial assets.
Source: Bits
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