From the bills “On Digital Financial Assets” and “On CrowdFunding”, the concepts of ” crypto-currency “, “digital money” and “digital currency ” will be removed , RIA Novosti reports citing the statement of Anatoly Aksakov, head of the State Duma Financial Market Committee.
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“The concept of” digital money “and” digital currency “will definitely go out of circulation, they will not appear anywhere in legislation anywhere. But in fact digital money will figure as “digital rights”, the exchange of which will be allowed. We will remove the term “crypto-currencies“, “the deputy said, adding that at present all bills are being rewritten.
Aksakov also said that to divide tokens into investment (give the owner the right to implement investment interests) and service (used to purchase some functions in the service and various types of services in the project) – following the example of the US Securities and Exchange Commission (SEC) – not planned.
” Token is a digital law, and there it goes further – the prerogative of the Central Bank. First, it is obviously for the ICO procedure to be issued, used as security, “Aksakov said.
In addition, according to the official, changes will be made to the Tax Code – to reflect in it the issue of taxation of “digital rights”. “That is, digital assets will be considered not as property, but as a new type of property digital rights,” he explained.
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