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The head of the State Duma Committee on the financial market, Anatoly Aksakov, compared cryptocurrencies with a financial pyramid and announced the need to regulate the market. He stated this in an interview with Duma TV.
According to him, crypto-currency investors “can lose everything,” since digital currencies are not backed by anything, and their price is volatile.
“Therefore, it is important to regulate the market, to protect, first of all, our citizens, to establish taxation, certain rights for cryptocurrency owners. At the same time, they must be identified,” the official said.
Earlier, the head of the Investigative Committee of Russia, Alexander Bastrykin, spoke for the mandatory identification of owners of digital assets.
Aksakov noted that cryptocurrencies must be declared, and stressed the importance of adopting a law on taxation of transactions with them.
He also stated that it is necessary to clearly define the mining of cryptoassets in legislation.
“If we allow mining, then it needs to be entered into OKVED, determine that this is a business that is included in the register of the Federal Tax Service, and determine taxation, set tariffs for electricity that this business consumes in accordance with cross-subsidizing,” he said.
Recall that Aksakov has already proposed to register mining as a type of entrepreneurial activity.
In December, an official said that Russian authorities were discussing various options for regulating cryptocurrencies, from a complete ban on their possession and purchase to the legalization of bitcoin exchanges.
He also said that the inhabitants of the Russian Federation invested 5 trillion rubles in the cryptocurrency market. On what data this amount is based, Aksakov did not specify.
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