Deanonymization of owners of digital assets and the introduction of criminal liability for their concealment is proposed by the ADB concept, said the vice-president of the association Anatoly Kozlachkov. The concept was prepared following the analysis of 50 court cases related to cryptocurrency.
The document also describes the procedure for collecting cryptocurrencies in the framework of enforcement proceedings, bankruptcy or taxation.
As part of the proposed procedure, at the request of the lender, “specialized market agents” establish the identity of the owners of digital assets, who, by a court decision, are obliged to transfer passwords from electronic wallets.
The authors of the document also propose two types of taxation. They want to tax the purchase of goods and services for cryptocurrency as commodity exchange transactions, and transactions for the purchase and sale of cryptocurrencies - with income tax.
In accordance with the concept, individuals are required to declare cryptocurrencies upon purchase and pay taxes after they are sold. Taxation of individuals will be similar to taxation of investors in the securities market.
Note that ADB is a non-governmental organization and does not include the largest banks.
The document also describes the procedure for collecting cryptocurrencies in the framework of enforcement proceedings, bankruptcy or taxation.
As part of the proposed procedure, at the request of the lender, “specialized market agents” establish the identity of the owners of digital assets, who, by a court decision, are obliged to transfer passwords from electronic wallets.
The authors of the document also propose two types of taxation. They want to tax the purchase of goods and services for cryptocurrency as commodity exchange transactions, and transactions for the purchase and sale of cryptocurrencies - with income tax.
In accordance with the concept, individuals are required to declare cryptocurrencies upon purchase and pay taxes after they are sold. Taxation of individuals will be similar to taxation of investors in the securities market.
Note that ADB is a non-governmental organization and does not include the largest banks.
