The draft of Federal Law “About digital financial assets”

On January 25^th, 2018, the Ministry of Finance published a draft federal law “About digital financial assets”. This bill defines a digital financial asset, which means cryptocurrency, and also emphasizes that digital financial assets are not legal tender in the Russian Federation.

In addition, owners of digital financial assets have the right to make transactions on the exchange of digital financial assets of one type for digital financial assets of another type or exchange digital financial assets for rubles, foreign currency and / or other property, but only through an exchange operator for digital financial assets. The above transactions are carried out in accordance with Federal Law No. 325-FL of November 21^st, 2011 “On Organized Tenders” and the Rules for Organized Tenders for Digital Financial Assets Registered with the Central Bank of the Russian Federation.

On materials of the following website: https://www.minfin.ru/ru/document/?id_4=121810#