The Russian Association of Crypto-Currency and Block-Cause criticized the draft law of the State Duma
HODLikeMarch 20, 2018
The Russian Association of Crypto-Currency and Block (RACIB), criticized the draft law "On the Digital Financial Assets", which was submitted to the State Duma on March 20, by Anatoly Aksakov, head of the Financial Market Committee.
The bill fixes the definition of the crypto currency as property in electronic form, as well as establishes a special procedure for making transactions with it.
According to Yury Pripachkin, the President of the Russian Academy of Financial Police, this legislative initiative, in particular, creates advantages for working with foreign investors.
"It is illogical to impose any restrictions on attracting funds, motivating it with the interest for future deceived investors, but at the same time removing restrictions for foreign investors." Apparently the usual scheme of investing Russia-Cyprus-Russia suits everyone, "said Pripachkin to Interfax.
The head of the association is the skeptical of the proposal for the exchange of financial assets. "The status of such operators is incomprehensible, it is obvious that the crypto-investors will not work with them," Pripachkin said.
"We also do not agree that mining is an entrepreneurial activity," added Pripachkin. According to him, mining itself is a procedure for producing certain software. "The economic meaning arises when they change to fiat money - it is from this stage that taxation can be introduced," the head of the RACIB believes.
All this may lead to the leakage of crypto-investors from Russia, concluded the head of the RACIB. "To prevent this from happening, and the industry develops, it is necessary to take into account the position of the industry, Pripachkin.
He added that following the results of the Blochein 2018 congress, scheduled for March 27-28, the RACIB will formulate a proposal to finalize this bill and send it to the government of the Russian Federation.
Link to the original article:
http://www.interfax.ru/business/604415The HODLike group.
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