Various departments of the Russian Federation sent their comments to the government on the bill regulating cryptocurrencies. These include the Ministry of the Interior, the Ministry of Economic Development, the Ministry of Digital Transformation, the Ministry of Energy, the Ministry of Justice, the FSB, the Federal Tax Service and Rosfinmonitoring, writes Izvestia, citing a comment sheet. to the document.

The FSB proposed to force exchanges and wallets to provide law enforcement authorities with information together with the courts, as well as to coordinate with the competent bodies the requirements for storage and protection of information on the circulation of cryptocurrencies.

FTS wants to tighten regulation of unlicensed exchanges and wallets. The tax authorities propose to completely ban their advertising on the territory of the Russian Federation.

The Ministry of Home Affairs stated that the bill does not fully regulate the execution of an exchange of a court order to confiscate cryptocurrencies and the creation of wallets to store confiscated assets.

The Ministry of Finance, which prepared the draft law, agreed with the listed positions of the departments.

At the same time, the ministry did not support a number of other proposals. For example, the FSB advocated the forced transfer of mined cryptocurrencies to exchanges and the application of anti-money laundering legislation to mining.

The Ministry of Finance also rejected the FSB’s proposal for additional regulation for cryptocurrency wallets and mining pools. The ministry believes that “overly detailed and strict regulation” of the market will lead to the exit of investors and customers.

The agency did not support the Federal Tax Service’s attempt to ban trading transactions with unlicensed crypto exchanges and crypto wallets and people whose money transfers are prohibited.

Rosfinmonitoring emphasized that digital currencies are equal to property in terms of money laundering legislation. The department stated that if bitcoin exchanges and wallets become the subject, cryptocurrency transfers will be controlled similarly to banking transactions.

Also, according to the minutes of the meeting of the expert council on the regulation of cryptocurrencies under the working group of the State Duma, its members propose to cancel the limit of 50,000 rubles on transactions by people who have not passed special tests.

Recall that, contrary to the prohibitive position of the Central Bank, the Ministry of Finance advocated regulation of the bitcoin market.

The ministry has developed a bill “On Digital Currency” that enables transactions in cryptocurrencies through banks, identification of wallet holders and separation of investors by qualification.

In April, the Ministry of Finance changed the terminology of the document. He introduced the concept of a professional digital currency buyer and a refined definition of mining.