The Finance Ministry has criticized the draft law of the Communist party on the establishment in Russia of cryptorama
The Ministry, in particular, pointed out that the draft does not regulate the creation and treatment of cryptocurrencies.
The Ministry of Finance of the Russian Federation conceptual does not support the bill of the Communists about the creation in Russia of national system of mining with the use and legalization of such digital financial asset, as scriptural.
The bill was submitted to the Duma in late January, a Deputy from the Communist party faction Rizvan Kurbanov.
In the opinion of the Ministry of Finance, which read “Interfax” stated that the issue of creating a national cryptocurrency has previously been considered by the Ministry of Finance jointly with the Central Bank. Thus, it was concluded that the introduction of such a tool is currently impractical because of the lack of objective economic benefits, and the availability of a number of technical limitations. In the Ministry of Finance letter reference is made to the order of the President of the Russian Federation of October 21, 2017, which stated that “the use of crypto-currencies as means of payment is not provided”.
In addition, the Ministry of Finance indicates that the bill does not define “national mining”, and does not reveal its peculiarities and differences from the usual “mining”. “There are no provisions directly regulating the creation of new units of the “national cryptocurrency” and their subsequent treatment”, — stated in the opinion.
As reported, in late January in the state Duma Deputy from the Communist party faction Kurbanov was introduced a package of bills on cryptorama. The main document was called “the Federal act “About system of distributed national mining”.
There are nine articles which define the terms “cryptool”, “miner”, “mining”, “an exchange operator digital of financial assets” and “distributed registry digital of financial assets”.News
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The second bill has amended article 140 of the Civil code of the Russian Federation and has specified that cryptool is legal tender, is drawn, is commonly used and is accepted as means of payment in Russia.
Earlier, Deputy Finance Minister Alexey Moiseev said that Russia of cryptorama. “It is inappropriate to do in Russia Scripturally or something. To be honest, I don’t even understand what cryptool. I understand that such electronic ruble. I understand what the “Yandex-purse”, which, as mentioned, effectively, quickly and reliably performs all electronic transactions without risk. If you claim that we reject the constitutional principle that the issue we have is the Central Bank, of course, you can make criptural,” said Moses.
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