He will participate in the development of bills related to bitcoin and other digital assets and propose solutions for the development of the domestic blockchain industry.
On December 9, the Council of the Fund for the Development of the Digital Economy approved the decision to create a Committee on Digital Financial Assets and Digital Currency, according to its message (the editorial office of RBC-Crypto has it). The main task of the committee is to discuss measures to implement the law "On digital financial assets", which will enter into force in January 2021, the draft law on taxation of cryptocurrencies and other initiatives aimed at regulating the crypto market.
The Committee will promote the implementation into practice of developments, ideas and projects that are promising for use in the sectors of the country's digital economy. Among the goals of the new structure is the prevention of personnel drain from the country and the creation of new jobs.
The committee will include the leaders of the Digital Economy Development Fund, members of the Board of the Council for the Development of Foreign Trade and leading experts from industry associations and business communities. The Chairman of the Fund Council German Klimenko noted that it is important to provide businesses with the opportunity to legally work in the Russian Federation.
“We would like the business that wants to work legally to come, and we, in turn, will give implementation to the projects,” Klimenko said.
The committee also included the Binance crypto exchange. Its director in Russia and the CIS, Gleb Kostarev, emphasized that conditions for the emergence of additional opportunities in the industry, as well as a favorable market environment for new players, should be formed in Russia.
“Digital financial assets and digital currencies need to become the norm among financial market instruments, like bonds or futures contracts,” Kostarev emphasized.
In July, Russian President Vladimir Putin at a meeting of the Council for Strategic Development and National Projects said that the country's authorities should take more active measures to digitize the economy and high-tech industries. This will "expand the horizons of development" and "create a new structure of our economy."
At the end of November, Prime Minister Mikhail Mishustin said that the government intends to direct the development of cryptocurrencies in a "civilized direction, so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult." Mishustin clarified that it is planned to make a number of changes to the Tax Code and to consolidate the recognition of digital financial assets as property, the owners of which can count on legal protection in case of illegal actions.
"The atmosphere of fear". Crypto community assessed the bitcoin tax law
Cabinet approved the law on taxation of cryptocurrencies
The head of the Investigative Committee called for recognizing cryptocurrency as property.