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Business Duty Officer

The idea to introduce mining into the legal field should be supported

The idea to introduce mining into the legal field should be supported

This week in the State Duma of the Russian Federation may adopt amendments to the legislation, which will affect the regulation of cryptocurrency mining and its trading. This was written by our reporter earlier. This topic commented Head of the Expert Center for Criminal Law Policy and Enforcement of Judicial Acts of Business Russia Ekaterina Avdeeva.

– In general, the idea of ​​introducing mining into the legal field should be supported as a legal way of obtaining means of payment in digital form.. Digital financial entities are our near future, since, along with the usual money circulation, digital currencies have a number of advantages. It should be emphasized, primarily, that the development of the digital economy and digital payments is an opportunity to avoid the pressure of sanctions. It is also important to take into account, that price is determined by supply and demand. Mining provides round-the-clock transactions, reliability and safety, which will be at the proper level in case of proper regulation. Some Benefits, who are called miners today, I'll be lost, but will keep those, that will leave cryptocurrency as a valuable tool, place it in a regulated legal field and reduce the number of illegal actions with its use.

From my side, entrepreneurs are interested in, to diversify your sites and "mine", that is, to carry out appropriate legal business activities. At the same time, for the state, the legal regulation of these processes will allow replenishing the budget and minimizing the possibility of criminal use of cryptocurrencies and digital currencies of central banks..

However, to date, due to the lack of clear and transparent legal regulation, mining is in a gray area and poses a significant threat to society. Common cases of using cryptocurrencies in criminal calculations, when legalizing income, that is criminally obtained, formation of "cryptocurrency" pyramids, in corruption crimes. Illegal mining for illegal purposes - highly intelligent criminal activity, often associated with deception and misleading persons, which, even with a sufficient level of financial and legal literacy, do not always know all the subtleties of this process.

Tracking, qualification, investigation and proof of such acts becomes a new challenge for our law enforcement and judicial system. Today, law enforcement practice is ambiguous: depending on the nature of the incriminated act, cryptocurrency can be the subject of corruption and economic crimes, as well as the means by which they are carried out..

Obviously, that a complete ban on the mining and circulation of cryptocurrencies risks stimulating the further development of the black market and the growth of crime. We consider it expedient to continue work on a clear legislative regulation of the circulation of cryptocurrencies and the introduction of a clear and most complete bill, which will help form a uniform law enforcement practice and mitigate the threat to business. The bill still needs to be revised., since clear regulations and a minimum number of gaps in the regulation of cryptocurrency are needed. In the long term, this may become the new digital anti-crisis solution., alternative way to ensure the financial security of the country.


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