The control of the cryptocurrency in Russia may be engaged in Rosfinmonitoring

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The head of the Federal service Pavel Livadny told that all the countries belonging to the international group to develop measures to combat money laundering (FATF), will have to introduce control over the circulation of digital money.

International group development of measures to combat money laundering (FATF) has recommended that control over the circulation of cryptocurrency, report “Izvestia” with reference to the Deputy head of Rosfinmonitoring Paul Livadny.

The official explained that all countries included in the FATF, will have to change the law and start to follow scriptactive, platforms for holding ICO, wallets for digital money, and so on.

Livadny underlined that the FATF now urges to follow the exchange of cryptocurrency for Fiat money and transferring them from one purse to another. Today moment the threshold at which to start control is not installed. The same value of the traditional assets of 600 thousand rubles.

We will remind, on October 26, 2018 President of the Russian Association of kryptonyte and blockchain (RAKIB) Yuri Pripachkin, the forum “the Blockchain in the digital economy” spoke on the forthcoming bill relating to cryptocurrencies.

“… it makes no sense to enact legislation in the form in which it is now, you need a comprehensive take, need detailed legislation that would allow the economy to move forward,” Pripachkin said.

He added that the bill could lead to the fact that entrepreneurs begin to register your business in other jurisdictions. According to the President of RAKIB, what is happening with the development of the law — circumcision of the law to the level of the new token, which rotate within the company, this “end cryptonomicon”.

“In my opinion, the law “ABOUT CFA” will be in the wording which is now being considered. Will take just in order to tick the orders of the President. What is really the instruction will not be executed, anyone interested will not. This will give credinvest in a truncated form. Is it good? Partly, perhaps, well. Decides whether the law in this form, the problem of building an effective digital economy and kriptonyte? No, not solve,” — said the expert.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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