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The Russian State Duma introduced a bill providing for administrative liability for the illegal release and exchange of digital financial assets (DFA).
Persons issuing such assets who are not included in the register of DFA exchange operators or investment platform operators face a fine in the amount of:
- 3000-5000 rubles for individuals;
- 20 000-30 000 rubles for officials;
- 700 000-1 000 000 rubles for legal entities.
Failure to comply with the requirements of the legislation on digital rights when making transactions with the DFA entails similar fines for individuals and officials. For legal entities, it will be from 500,000 to 700,000 rubles.
The statute of limitations for prosecution is one year from the date of commission of the relevant offense, follows from the document.
The author of the initiative was the head of the Committee on the Financial Market Anatoly Aksakov.
Earlier, he introduced a bill prohibiting the use of DFA as a means of payment in the territory of the Russian Federation. The document was approved in the first reading.
In May, the State Duma also adopted in the first reading a draft law on the taxation of operations with the CFA. Lawyers interviewed by ForkLog noted that it does not concern cryptocurrencies.
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