THELOGICALINDIAN - Recently NewsBTCreported that Russia planned to criminalize the use of cryptocurrency as assured in the latest abstract bill on agenda currency
However, Russian advocate Maria Agranovskaya told bounded media bureau ForkLog that the bill banned the rights of cryptocurrency holders to administrative protection, which is adjoin the country’s constitution.
Russian Expert Says Draft Bill to Ban Cryptocurrency Has Many Problems
The abstract bill, blue-blooded “On Digital Currency,” says that those who authority Bitcoin or added bill can await on administrative aegis alone in the case back the crypto backing are declared. The bounded able noted:
She accepted that the government should accommodate crypto holders the adeptness to acknowledge their agenda currencies. Nevertheless, the amends of their buying should not be abased on the acknowledgment itself.
Agranovskaya doesn’t accede with that actuality that the bill in its accepted anatomy stipulates bent accountability not alone for those who are complex in the cryptocurrency bazaar in a absolute manner, but additionally touches aloft programmers and alike attorneys who admonish on such matters.
Another affair with the abstract bill is that it ability breach the assumption of abandon of the media. The certificate proposes a ban on the advance of the arising and apportionment of cryptocurrencies. In reality, advertisement on assorted crypto-related contest ability additionally be interpreted as a anatomy of promotion. Thus, any acknowledgment of crypto could go adjoin the law if the bill is accustomed by parliament.
Besides this, the able is not annoyed with the analogue of the bill. She said:
Agranovskaya assured that the bill will annihilate the beginning cryptocurrency bazaar in Russia and the country’s digitalization efforts if the State Duma passes it in its accepted form.
Other Experts Express Similar Opinions
Other bounded experts additionally bidding their worries that the proposed bill wouldn’t fix the underground apportionment of cryptocurrencies. Meanwhile, the law can abort acknowledged businesses.
United Traders co-founder Anatoly Radchenko told bounded media bureau RBK that the government wouldn’t be able to apparatus the ban because it’s difficult to clue who owns Bitcoin. He acclaimed that it doesn’t accomplish faculty at all.
The abstract bill says that if an alone takes allotment in a cryptocurrency transaction and uses the cryptocurrency as a agency of payment, he should pay a accomplished alignment from beneath $1 to about $14,000 or alike face up to seven years in prison.
The bill was developed by the Digital Economy anticipate catchbasin and the Skolkovo business accelerator.
