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Cryptocurrency will not. The bill of the Russian Federation on digital rights adopted in second reading

The bill on digital rights, which introduces the concept of “digital rights” in the legal field , instead of such concepts as “token”, “cryptocurrency” or “digital money” was adopted today by the State Duma of the Russian Federation in the second reading.

The amendments to the Civil Code will provide legal conditions for the execution and execution of transactions in the digital environment, to provide protection to citizens and organizations for such transactions, said Pavel Krasheninnikov, head of the State Duma Committee on Legislation (United Russia), REGNUM news agency reported.

By the second reading, the rules on digital rights were significantly changed, the provisions on the form of the transaction were clarified. In addition, the provisions on digital money (cryptocurrency) were excluded, because now their introduction into civilian circulation by the relevant committee seems premature.

“But given technical progress over time, this may become possible,” said Krasheninnikov.

The consolidation of the concept of “digital law” in the Civil Code will make it possible to determine its place in the system of objects of civil rights, to allow the turnover of this object, including the sale and purchase, as well as provide protection to citizens and legal entities in transactions with digital rights, he stressed.


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