Finance Ministry published a draft law on the regulation of digital assets

25 January 2018, Thursday

The Ministry of Finance of the Russian Federation published a bill on the regulation of digital assets in the Russian Federation, which defined the crypto currency, token, mining and ICO (the procedure for the initial placement of tokens). There is no norm on the taxation of such assets in the draft law published on the ministry's website.

"Digital financial assets are not a legal means of payment in the territory of the Russian Federation," the bill says.

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