Russia’s Interior Ministry Proposes Criminalizing Unregistered Crypto Activity, Says Report
- August 25, 2018
- Posted by: P2PEP
- Category: P2PEP NEWS
Russia’s Ministry of Internal Affairs is reportedly considering establishing criminal liability for unregistered crypto operations, local media outlet Izvestia reported August 23.
According to documents acquired by Izvestia, the interior ministry of Russia is developing an amendment of legislation that concerns legalizing only registered operations with open source cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and others. The ministry has suggested that in order to conduct legal transactions in crypto, persons or entities should acquire a “mandatory registration with state authorities conducting financial and tax regulation.”
The initiative is reportedly coming from the Russia’s interior ministry’s Main Directorate for Drugs Control (GUKON). On July 13, head of the GUKON Andrey Khrapov requested that Russia’s Ministry of Finance express their stance on the potential realization and feasibility of the proposed legislative measures, Izvestia reports.
Russia’s Ministry of Eco..