According to Minister of Communications and Mass Media Nikolai Nikiforov, Bitcoin is unlikely to be legalized in Russia. According to him, our legislation does not contain both the term "digital token" and the term "crypt-currency," and we should not mix in the legislation the traditional banking and currency regulation and terms from this area with the block, which is associated with the new technology of the Bitcoin. For that reason, he suggested that the term "digital token" should be used.
"Bitcoins are a certain foreign project of application of Blockchain technology, Russian legislation will never consider Bitcoin as a certain legal essence in the jurisdiction of the Russian Federation, but the application of Blockchain technology, the use of various digital tokens, I think, is quite possible," said Nikolai Nikiforov on the sidelines of "Youth Forum".
With the money will be the one who has time to merge the "bits". Any state that has its own more or less stable currency, legal registration of Bitcoin as a means of payment is unprofitable for a number of reasons, said founder of the Blockchain.ru project Dmitri Matsuk. The first is that the emission of Bitcoin is not controlled by the state. And by issuing money or taking it out of the economy, the state can control inflation, real incomes, competitiveness of products, finance its own expenses and much more.
The second reason is that transactions at Bitcoin are not sufficiently transparent. This entails, among other things, the risk of missing taxed transactions because it is difficult to identify the taxpayer. Also, the purchase of Bitcoin can contribute to the capital flow, which does not entail benefits in macroeconomic terms. The state does not like it when the finances accumulated on its territory go to the projects of other countries.
And yes, admits Dmitry Matsuk, it's a dangerous tool. The means of payment must be reliable. Everyone must be sure that tomorrow's bitcoin will cost plus or minus as much as today. And now Bitcoin shows considerable volatility, because the market is mostly speculative. In general, there is a lot of risk to the state as a separate agent.
And the most "tasty" will be when the market eventually crashes, Dmitry Matsuk is sure. It will resemble the crisis of 2009. Those who will be able to merge the "bits" in time will be left with the money, the rest will lose their money. We will get a new transfer of capital from one world "capacity" (country) to another. And it is unlikely that Russia will be among the winners. And the background for this will be a huge number of depositors who have lost money and civil servants, who with a ridiculous smile will say: "We warned!
And concerning "digital tokens" it is easier. They can be equated, for example, with delivery futures (if it is a token that can be exchanged for a product or service) or stocks and denominations (if they promise payment), and taxed accordingly. And persons who have abused their promises can be held liable under the law.
As good as a dollar? Anton Bukov, a leading developer of BitClave block-platform, is more optimistic about the future of the "crypt". According to different estimates, in the next five years we will see several countries that have completely switched to crypt-currencies, he predicts, and believes that Russia will follow the same path. Nikita Kulikov, founder of the Right Robotov ANO and a member of the State Duma's Expert Council on Digital Economy, believes that Bitcoin can be considered both on the technical side, which is what Mr. Nikiforov actually said, and then the issue of its security should certainly come first, as well as on the economic side. Under this approach, Bitcoin and any other cryptovoltaic currency looks no more dangerous than the conventional US dollar or euro. And so the question of legalizing the cryptovolta in Russia lies in the plane of which of these two approaches our authorities will take as the main one, says the analyst. Source: https://signal-means-profits.com
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