روس کرپٹو کو کرنسی کی شکل کے طور پر تسلیم کرنے کے لیے آگے بڑھ رہا ہے۔

The Russian government and the country’s central bank have reached an agreement to draft legislation or amend existing laws recognizing crypto as a form of currency, according to a بیان منگل کو.

The agreement is a significant reversal after the Bank of Russia last month مجوزہ banning miners and several other crypto operations over concerns that they could endanger the country’s financial system.

خبر رساں Kommersant first reported the announcement on Tuesday. It is understood cryptos are to be classified as an “analogue of currencies” and not as financial digital assets. Legislation will reportedly be drawn up no later than Feb. 18.

Russia’s regulation will seek to integrate a mechanism for the circulation of digital currencies into the country’s financial system while ensuring control over credit institutions’ cash flows, a rough translation of an accompanying مسودہ دستاویز پڑھتا ہے

“The establishment of rules for the circulation of cryptocurrencies and control measures will minimize the threat to the stability of the financial system and reduce the use of cryptocurrencies for illegal purposes since a complete ban on the segment of operations related to their circulation is impossible.”

Crypto’s use as currency will only be possible following proper identity checks via the country’s banking system or licensed intermediaries while operations exceeding R 600,000 ($8,016) must be declared, according to the document.

Transacting outside those proposed legal parameters will be considered a criminal offense and fines are expected to be introduced for the illegal acceptance of cryptos as a means of payment.

Officials also said the regulation would ensure the protection of citizen rights under a licensing regime aimed at cryptocurrency providers. Providers will need to have “financial airbags” in terms of liquidity and adequate capital.

دستاویز میں کہا گیا ہے کہ ’’اس صنعت کے ریگولیشن کی مکمل عدم موجودگی کے ساتھ ساتھ پابندی کے قیام سے شیڈو اکانومی کے حصہ میں اضافہ، فراڈ کے کیسز میں اضافہ اور مجموعی طور پر انڈسٹری عدم استحکام کا باعث بنے گی۔‘‘ .

There are additional plans to introduce an “obligation” for market participants to educate Russia’s citizens regarding the risks associated with digital assets.

Several Russian regulators and lawmakers including the Ministry of Finance, the Federal Security Service, the Ministry of Internal Affairs, the Federal Tax Service and others were involved in the decision-making process.

“The implementation of the concept will ensure the creation of the necessary regulatory framework, will bring the digital currency industry out of the shadows and create the possibility of legal business activities,” the statement reads.

ہر شام اپنے ان باکس میں دن کی سرفہرست کرپٹو خبریں اور بصیرتیں حاصل کریں۔ بلاک ورکس کے مفت نیوز لیٹر کو سبسکرائب کریں۔ اب.

پیغام روس کرپٹو کو کرنسی کی شکل کے طور پر تسلیم کرنے کے لیے آگے بڑھ رہا ہے۔ پہلے شائع بلاک ورکس.

• سکے سمارٹ۔ یورپ کا بہترین بٹ کوائن اور کرپٹو ایکسچینج۔
• پلیٹو بلاک چین۔ Web3 Metaverse انٹیلی جنس۔ علم میں اضافہ۔ مفت رسائی۔
• کرپٹو ہاک۔ Altcoin ریڈار. مفت جانچ.
• Source: https://blockworks.co/russia-moves-to-recognize-crypto-as-a-form-of-currency/