Читать книгу Cryptocurrency and mining: regulation in the Russian Federation - - Страница 2

This book is an adopted edition of the author’s third book ″Digital Currency and Mining: Regulation″, published in the Russian Federation. Previously, the books "Digital Financial Assets and Other Digital Rights" and "Digital Ruble and Other Central Bank Digital Currencies", published in the Russian Federation, analyze the development of new types of digital financial instruments, the design of which uses distributed ledger technology and automatic execution of transactions using smart contracts.

There is no term «cryptocurrency» in the Russian law. There is а special term «digital currency» for cryptocurrencies.

The term "digital currency" appeared in the Russian legislation in 2020, but regulation of this digital asset was minimal for several years. Epochal changes occurred in 2024, when five federal laws and more than ten resolutions of the Government of the Russian Federation regulating digital currency transactions and mining were adopted.

Registers of miners and operators of mining infrastructure have been created, and taxation of digital currency transactions and mining has been regulated.

I draw particular attention to the fact that in the Russian Federation digital currency can be used as a means of payment only under foreign trade agreements within experimental legal regimes, authorized by the Bank of Russia. These and other issues are discussed in detail in the book.

I believe that the regulation of digital currency and mining will continue; new proposals are already emerging to fine-tune the legal system that has been created. It may be particularly interesting to develop a discussion on such a type of digital assets as stablecoins, their qualification and classification.