New legislation of the Russian Federation on digital financial assets and digital currency



In the Russian Federation, from January 1, 2021, the Federal Law of July 31, 2020 N 259-FZ " On digital financial assets, digital currency and on amendments to certain legislative acts of the Russian Federation " (hereinafter - the Law) comes into force . This law significantly changes the existing (see Legal aspects of operations with cryptocurrencies for residents of the Russian Federation // Habr 2017-12-17 ) legal regime for the use of cryptocurrencies and blockchain in the Russian Federation.



Let's consider the basic concepts defined by this Law:



Distributed ledger



According to paragraph 7 of Art. 1 of the Law:



For the purposes of this Federal Law, a distributed register is understood as a set of databases, the identity of the information contained in which is ensured on the basis of established algorithms (algorithm).

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UPD:

: https://youtu.be/UGBJp80woyI




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