{"id":969,"date":"2022-11-10T19:47:45","date_gmt":"2022-11-10T19:47:45","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2022\/11\/10\/russia-moves-towards-regulating-nfts-and-digital-assets\/"},"modified":"2022-11-10T19:47:45","modified_gmt":"2022-11-10T19:47:45","slug":"russia-moves-towards-regulating-nfts-and-digital-assets","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2022\/11\/10\/russia-moves-towards-regulating-nfts-and-digital-assets\/","title":{"rendered":"Russia Moves Towards Regulating NFTs and Digital Assets"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Russia\u2019s Central Bank is considering new detailed rules and regulations for taxing NFTs and trading digital securities. They released a report that outlined their findings on November 7, which will be open to comments until December 7. So, what is in Russia\u2019s NFT report, and what does this mean? Let\u2019s take a look.<\/p>\n<figure id=\"attachment_83769\" aria-describedby=\"caption-attachment-83769\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><picture decoding=\"async\" class=\"wp-image-83769 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK.jpeg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-300x180.jpeg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-768x461.jpeg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-93x56.jpeg.webp 93w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-150x90.jpeg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-450x270.jpeg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20720'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-83769 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK.jpeg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-300x180.jpeg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-768x461.jpeg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-93x56.jpeg.webp 93w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-150x90.jpeg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-450x270.jpeg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK.jpeg\" alt=\"Central Bank of Russia\" width=\"1200\" height=\"720\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK.jpeg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-300x180.jpeg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-1024x614.jpeg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-768x461.jpeg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-93x56.jpeg 93w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-150x90.jpeg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK-450x270.jpeg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-83769\" class=\"wp-caption-text\">The Central Bank of Russia considers new tax rules and regulations on NFTs and the trading of digital securities. Credit: PYMNTS<\/figcaption><\/figure>\n<h2><span id=\"What_did_Russias_Central_Bank_report_mention\"><b>What did Russia\u2019s Central Bank report mention?<\/b><\/span><\/h2>\n<p>In the <a href=\"https:\/\/www.cbr.ru\/Content\/Document\/File\/141991\/Consultation_Paper_07112022.pdf\" target=\"_blank\" rel=\"noopener\">report<\/a>, Russia\u2019s chief financial regulator mentioned that some digital assets may be regulated like traditional securities. It also suggests that\u00a0digital securities, as well as certifying property rights using NFTs, may need more detailed rules regarding taxation.\u00a0Furthermore, the Bank of Russia suggests that the traditional stock market and digital asset trading can work together as one.\u00a0In this way, the same access rules apply to digital assets as to the traditional stock market. This includes investors taking a financial literacy test in some cases, the report suggests.\u00a0Lastly, the report emphasizes the regulation of smart contracts. So what does this mean for NFTs?<\/p>\n<figure id=\"attachment_83773\" aria-describedby=\"caption-attachment-83773\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><picture decoding=\"async\" class=\"wp-image-83773 size-full\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA.jpeg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-300x200.jpeg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-768x512.jpeg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-84x56.jpeg.webp 84w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-150x100.jpeg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-450x300.jpeg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20800'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20800'%3E%3C\/svg%3E\" alt=\"Russian Central Bank Governor\" width=\"1200\" height=\"800\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA.jpeg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-300x200.jpeg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-1024x683.jpeg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-768x512.jpeg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-84x56.jpeg 84w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-150x100.jpeg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-450x300.jpeg 450w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA.jpeg\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-83773 size-full\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA.jpeg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-300x200.jpeg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-768x512.jpeg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-84x56.jpeg.webp 84w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-150x100.jpeg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-450x300.jpeg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA.jpeg\" alt=\"Russian Central Bank Governor\" width=\"1200\" height=\"800\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA.jpeg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-300x200.jpeg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-1024x683.jpeg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-768x512.jpeg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-84x56.jpeg 84w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-150x100.jpeg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/ELVIRA-450x300.jpeg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-83773\" class=\"wp-caption-text\">Russia\u2019s Central Bank Governor, Elvira Nabiullina. Credit: IMF<\/figcaption><\/figure>\n<h2><span id=\"Is_this_good_or_bad\"><b>Is this good or bad?<\/b><\/span><\/h2>\n<p>The use of the word \u201cregulation\u201d might sound scary to some, but to others, it\u2019s a good thing.\u00a0<span class=\"issue-underline underline text-gray-darkest font-body decoration-2 underline-offset-4 transition cursor-pointer decoration-primary-main hover:bg-primary-lightest\" data-testid=\"issue-underline\" data-issueid=\"a835392432cc8a0a1f3fa093fc8a16c2\">It will take regulation to establish NFTs as a legitimate asset class, and more countries are moving towards <a href=\"https:\/\/nftevening.com\/uk-lawmakers-start-nft-inquiry-are-regulations-on-the-way\/\" target=\"_blank\" rel=\"noopener\">NFT regulation<\/a>.\u00a0<\/span>This will protect the people who are investing, trading, and creating digital assets, which is a step in the right direction.\u00a0There must be a happy medium between taxing too much and taxing too little. In light of these new tax rules and regulations, it will be interesting to see how the country goes about implementing them.<\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/russia-moves-towards-regulating-nfts-and-digital-assets\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia\u2019s Central Bank is considering new detailed rules and regulations for taxing NFTs and trading digital securities. They released a report that outlined their findings on November 7, which will be open to comments until December 7. So, what is in Russia\u2019s NFT report, and what does this mean? Let\u2019s take a look. The Central [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/11\/BANK.jpeg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/969"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=969"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/970"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}