Deputy MAYOR: the bill of the Ministry of Finance on the regulation of crypto-currencies needs to be expanded

The bill of the Ministry of Finance on «digital financial assets» deprives tokens as financial instruments of investment attractiveness, said Deputy Minister of economic development, Savva Shipov.

«Inherent in the bill model turnover capacity digital of financial assets limited. Such legislative measure is inadequate. It deprives tokens as financial instruments of investment attractiveness and devalues their production», – he said.

Spikes explained that investor will not be able to realize their investment, as prohibits any transaction for the resale of the purchased token.

He stressed that all processes in the sphere of cryptocurrency occur at the international level, therefore, the position of the bill about what to acquire and produce tokens can only citizens of the Russian Federation, needs to be expanded.

«The parties to the transaction can and should be not only citizens of Russia and residents, but also foreign citizens and legal entities», – said the Deputy Minister.

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