Russians who want to invest in cryptocurrency will be identified and entered into the register. Corresponding amendments to the bill “On Digital Financial Assets” are already being developed.
Russia’s comprehensive desire for total control over citizens now extends to the crypto industry. The previous program of taking under total control of the Internet, regulation of visits has not yet been completed social networksand tracking web users, a new project - the creation of a register of crypto investors - appeared on the horizon.
The Central Bank and the Ministry of Finance of Russia are developing regulations for the law on the circulation of digital currencies, allowing the acquisition of such assets using a passport and TIN. In this case, the potential investor is obliged to register in advance in a special register, which the departments will maintain jointly. According to regulatory authorities, such a register will make it possible to combat illegal and criminal proceeds, make it possible to fully collect taxes and help track every coin sold and bought in Russia. In order to be able to buy cryptocurrency, participate in ICOs, or carry out trading activities, you will need to be certified by RACIB.
It is also planned to link the cryptocurrency wallet to passport data and TIN. In addition, it is noted that the identification of investors themselves will be carried out in accordance with their biometric data.
The head of the National Rating Agency, Viktor Chetverikov, also proposed to unite all crypto wallets and crypto exchanges into a single database.
The creation of a unified register of crypto investors is a proposal of the Russian Association of Cryptocurrency and Blockchain (RACIB). It is aimed at alleviating concerns about unscrupulous participants in this market and is aimed at countering the laundering of criminally obtained capital, Chetverikov noted.
Earlier, in September 2017, the Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, proposed introducing a register of cryptocurrency miners in Russia.
Currently, the legal status of cryptocurrencies in Russia is not defined. Two bills regulating the cryptocurrency market were submitted to the State Duma. Their adoption is planned for this summer.
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