Bill on fines for illegal issuance of digital assets submitted to Russia’s State Duma
The statute of limitations for bringing to justice, according to the document, is one year from the date of the offense
23.06.2022 - 13:45
340
1 min
0
What’s new? On June 22, Chairman of the Committee on Financial Markets of the State Duma Anatoly Aksakov introduced in the lower house of Parliament a bill, according to which there is administrative liability for persons who illegally issue and exchange digital financial assets (DFA). Individuals or operators of investment platforms, who are not included in the register, will face a fine. For individuals it will be from 3 000 to 5 000 rubles, for officials - from 20 000 to 30 000 rubles and for legal entities - from 700 000 to one million rubles.
What else does the bill say? If individuals, including officials, refuse to comply with digital rights legislation when making transactions with digital assets, they will be fined similar amounts. For legal entities, the fine will range from 500 000 to 700 000 rubles. The document states that the limitation period for bringing to justice is one year from the date of the offense.
On June 14 the State Duma in the first reading adopted another bill by Aksakov, which bans payment for goods and services with DFAs.
Aksakov also said that, in September 2022, a bill on the regulation of cryptocurrencies may be submitted to the State Duma. According to him, the relevant departments are leaning toward the introduction of stricter regulations regarding the digital asset market.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$69 336
BTC
+2.86%
-
Ethereum
$2 423.92
ETH
+0.06%
-
BNB Smart Chain
$567.33
BSC
+2.38%
-
Ripple
$0.513608
XRP
+1.71%
-
Dogecoin
$0.168973
DOGE
+7.22%
-
Cardano
$0.334574
ADA
+2.15%
-
Bitcoin Cash
$341.81
BCH
+4.31%
-
Polkadot
$3.89
DOT
+3.04%
-
Litecoin
$66.07
LTC
+0.53%
-
Stellar XLM
$0.093637
XLM
+2.76%