According to the Minister of Communications and Mass Media of the Russian Federation, Nikolai Nikiforov, BitCoin is unlikely to be legalized in Russia. According to him, in our legislation there is neither the term “digital token” nor the term “crypto-currency”, and it is not necessary to mix traditional banking and currency regulation and terms in this sphere with the block that is associated with the new technology of blocking. For this reason, he suggests using the term “digital token”.
“Bitkoyny is a kind of foreign project for the use of blocking technology, Russian law will never consider bitcoins as some kind of legal entity in the jurisdiction of the Russian Federation, but I think that it is quite possible to use the technology of blocking, the use of various digital tokens,” Nikolai Nikiforov said on the sidelines of ” Youth Forum “.
Any state that has its own more or less stable currency, legal registration bitkoyna as a means of payment is unprofitable for a number of reasons, said the founder of the project Blockchain.ru Dmitry Matsuk. The first is that the emission of bitcoins is not controlled by the state. And due to the issue of money or their withdrawal from the economy, the state can control the changes in inflation, real incomes of the population, the competitiveness of products, finance their own expenses and much more.
The second reason is that the transactions in the blockroom are not transparent enough. This entails, among other things, the risk of missing transactions that are taxable, because it is difficult to determine the taxpayer. Likewise, buying bitkoyna can facilitate the flow of capital – which does not entail benefits in the macroeconomic plan. The state does not like when the finances accumulated on its territory go to projects of other countries.
And yes, admits Dmitry Matsuk, this is a dangerous tool. The means of payment must be reliable. Everyone should be sure that tomorrow bitkoyn will cost plus or minus as much as today. And now bitcoin shows significant volatility, because the market is mostly speculative. In general, there is a lot of risk for the state as a separate agent.
And the most “tasty” will be in the event that the market eventually collapses, I’m sure Dmitry Matsuk. This will resemble the crisis of 2009. With money there will be those who in time will manage to merge “cue ball”, the others will lose the means. We will receive a new flow of capital from one global “capacity” (country) to another. And it is unlikely that Russia will be among the winners. And the backdrop for this will be a huge number of depositors who lost money and state employees, who with a sarcastic grin will say: “We warned!”
And regarding “digital tokens” – it’s 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 shares and exposures (if they promise payment), and tax accordingly. And those who have abused their promises can be brought to responsibility in accordance with the law.
Anton Bukov, the leading developer of the BitClave block-platform, is more optimistic about the future of the “crypt”. According to various estimates, in the next five years we will see several countries that have switched entirely to crypto-currencies, he predicts, and believes that Russia will do the same.
In turn, the founder of ANO Pravorobotov, a member of the Expert Council on the Digital Economy of the State Duma, Nikita Kulikov believes that bitcoin can be viewed as a technical matter, which actually was voiced by the miracle-worker Nikiforov, and then the issue of security must of course be in first place, so and on the economic side. With this approach, bitcoin and any other crypto currency look no more dangerous than the conventional US dollar or the euro. And consequently, the issue of legalizing crypto-currency in Russia lies in the plane of which of these two approaches our authorities will adopt as the main one, the analyst says.