The law “On digital assets” will not help attract investment – opinion
The adopted law will not help Russia much to attract foreign investment
There is no technological breakthrough yet, but the process of formal regulation has already begun
Business is waiting for more clarity in the domestic regulation of cryptocurrencies
International consortium of news organizations, developing standards transparency.
Russian business believes that the law on CFA will allow legalizing projects market digital assets, but will not play on attracting foreign investment
According to the majority of the experts interviewed, although the adopted law signals the formalization of industry regulation, it requires more clarification.
Internet Ombudsman Dmitry Marinichev notes that the law is focused only on a narrow circle of large companies, who can issue their own stablecoins.
For small and medium-sized businesses, according to Marinichev, the law did not bring any innovations.
“The law simply states what has existed for a long time. It will not provide any technological breakthrough, but the fact that at least some kind of regulation arises – this already plus “, – he said.
Content with small
The opinion of the Ombudsman is shared by the chief editor of Indicator.Ru, candidate of physical and mathematical sciences Nikolay Podorvanyuk.
Podorvanyuk stated, what despite that the law until what is not ideal is “the first step in the right direction”.
“Transparency and verification of information is exactly what is in demand, especially in light of the coronavirus and total teleworking,” Podorvanyuk said..
In his opinion, the approval of the law in its current form is “undoubtedly positive moment“, Taking into account the tough responsibility for violations, which considered in this year, but not were accepted.
Recall at the end of May 2020 the authors of the bill presented him third editorial office, which proposed to include administrative and criminal liability in the bill.
For example, causing “damage to citizens, organizations or the state “on an especially large scale (from 9 million rubles), the deputies proposed to imprison a person for up to 7 years.
However, the head of RACIB admitted that the law on CFA will not help much to attract foreign investment, since international sites are used to working with open blockchain-networks.
According to the adopted bill, from January 1, 2021 everything deals with cryptocurrency assets on the territory of the Russian Federation are legalized, however, the use of cryptocurrencies in quality funds payment is prohibited.
Issue and accounting of CFA, according to the bill, will be carried out through special information systems under the control of the Central Bank of the Russian Federation.
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